Phil and Susan Hammond are married taxpayers filing a joint return. The couple have two dependent...

  
 
 
 
 

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Phil and Susan Hammond are married taxpayers filing a joint return. The couple have two dependent children. Susan Hammond has wages of $34,000 in 2019. Phil does not work due to a disability, but he is a buyer and seller of stocks. He generally buys and holds for long-term gain but occasionally gets in and out of a stock quickly. The couple's 2019 stock transactions are detailed below. In addition, they have $2,300 of qualifying dividends. Item Blue stock (10 shares) Purple stock (100 shares) Beige stock (50 shares) Red stock (100 shares) 11/10/18 12/13/17 12/14/14 06/29/18 Black stock (100 shares) 05/15/18 Gray stock (100 shares) 04/12/17 Item Blue stock Purple stock Beige stock Red stock Date Acquired Date Sold a. Determine the nature and amount of the gain or loss for each of the stock transactions. Type of Gain or Loss Short-term capital gain ✓ Long-term capital loss ✓ Long-term capital gain ✔ Short-term capital gain ✓ Long-term capital gain ✓ Long-term capital loss ✔ Black stock Gray stock Cost 03/12/19 $3,000 05/23/19 36,000 07/14/19 13,000 05/18/19 26,000 10/18/19 67,000 10/18/19 89,000 $ Sales Price $6,000 32,000 14,500 27,000 67,800 88,200 Amount 3,000 4,000 1,500 1,000 800 800 ✓ ✓ b. What is Phil and Susan's AGI? Phil and Susan have a net short-term capital gain ✓ of $ 4,000 ✓and a net long-term capital loss ✓ 4,800 X. Consequently, there is an overall net long-term capital gain X of of $ 2,300 X. Phil's and Susan's AGI is $ Feedback c. Complete a Form 8949 for the Hammonds. Assume that the stock sale information was reported to the Hammonds on and that basis information was provided to the IRS. If required, use the the minus sign to indicate a loss. Form 8949 Department of the Treasury Internal Revenue Service of Sales and Other Dispositions of Capital Assets ► Go to www.irs.gov/Form8949 for instructions and the latest information. ▸ File with your Schedule D to list your transactions for lines 1b, 2, 3, 8b, 9, and 10 of Schedule D. Name(s) shown on return Phil and Susan Hammond Form 1099-B OMB No. 1545-0074 2019 Attachment Sequence No. 12A Social security number or taxpayer identification number 123-45-6789 Before you check Box A, B, or C below, see whether you received any Form(s) 1099-B or substitute statement(s) from your broker. A substitute statement will have the same information as Form 1099-B. Either will show whether your basis (usually your cost) was reported to the IRS by your broker and may even tell you which box to check. Part I Short-Term. Transactions involving capital assets you held 1 year or less are short term (see instructions). For long-term transactions, see page 2. Note: You may aggregate all short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS and for Note: You may aggregate all short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS and for which no adjustments or codes are required. Enter the totals directly on Schedule D, line 1a; you aren't required to report these transactions on Form 8949 (see instructions). You must check Box A, B, or C below. Check only one box. If more than one box applies for your short-term transactions, complete a separate Form 8949, page 1, for each applicable box. If you have more short-term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need. (A) Short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above) (B) Short-term transactions reported on Form(s) 1099-B showing basis wasn't reported to the IRS (C) Short-term transactions not reported to you on Form 1099-B 1 (a) (b) Description of property Date acquired (Example: 100 sh. XYZ Co.) (Mo., day, yr.) 10 shares of Blue Company 100 shares of Red Company 11/10/18 06/29/18 (c) Date sold or disposed of (Mo., day, yr.) 03/12/19 05/18/19 (d) Proceeds (sales price) (see instructions) (e) Cost or other basis. See the Note below and see Column (e) in the separate instructions Adjustment, if any, to gain or loss. If you enter an amount in column (g), enter a code in column (f). See the separate instructions. (f) Code(s) from instructions (g) Amount of adjustment (h) Gain or (loss). Subtract column (e) from column (d) and combine the result with column (g) 2 Totals. Add the amounts in columns (d), (e), (g), and (h) (subtract negative amounts). Enter each total here and include on your Schedule D, line 1b (if Box A above is checked), line 2 (if Box B above is checked), or line 3 (if Box C above is checked) ► Note: If you checked Box A above but the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter an adjustment in column (g) to correct the basis. See Column (g) in the separate instructions for how to figure the amount of the adjustment. For Paperwork Reduction Act Notice, see your tax return instructions. Form 8949 (2019) Name(s) shown on return Name and SSN or taxpayer identification no not Cat. No. 37768Z Attachment Sequence No. 12A Form 8949 (2019) Page 2 Social security number or taxpayer identification separate Form 8949, page 2, for each applicable box. If you have more long-term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need. (D) Long-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above) (E) Long-term transactions reported on Form(s) 1099-B showing basis wasn't reported to the IRS □ (F) Long-term transactions not reported to you on Form 1099-B 1 (a) Description of property (Example: 100 sh. XYZ Co.) 100 shares of Purple Company 50 shares of Beige Company 100 shares of Black Company 100 shares of Gray Company (b) Date acquired (Mo., day, yr.) 12/13/17 12/14/14 05/15/18 04/12/17 (c) Date sold or disposed of (Mo., day, yr.) 05/23/19 07/14/19 10/18/19 10/18/19 (d) Proceeds (sales price) (see instructions) (e) Cost or other basis. See the Note below and see Column (e) in the separate instructions Adjustment, any, to gain or loss. If you enter an amount in column (g), enter a code in column (f). See the separate instructions. (f) Code(s) from instructions (g) Amount of adjustment (h) Gain or (loss). Subtract column (e) from column (d) and combine the result with column (g) 2 Totals. Add the amounts in columns (d), (e), (g), and (h) (subtract negative amounts). Enter each total here and include on your Schedule D, line 8b (if Box D above is checked), line 9 (if Box E above is checked), or line 10 (if Box F above is checked) ► Note: If you checked Box D above but the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter an adjustment in column (g) to correct the basis. See Column (g) in the separate instructions for how to figure the amount of the adjustment. Form 8949 (2019) Phil and Susan Hammond are married taxpayers filing a joint return. The couple have two dependent children. Susan Hammond has wages of $34,000 in 2019. Phil does not work due to a disability, but he is a buyer and seller of stocks. He generally buys and holds for long-term gain but occasionally gets in and out of a stock quickly. The couple's 2019 stock transactions are detailed below. In addition, they have $2,300 of qualifying dividends. Item Blue stock (10 shares) Purple stock (100 shares) Beige stock (50 shares) Red stock (100 shares) 11/10/18 12/13/17 12/14/14 06/29/18 Black stock (100 shares) 05/15/18 Gray stock (100 shares) 04/12/17 Item Blue stock Purple stock Beige stock Red stock Date Acquired Date Sold a. Determine the nature and amount of the gain or loss for each of the stock transactions. Type of Gain or Loss Short-term capital gain ✓ Long-term capital loss ✓ Long-term capital gain ✔ Short-term capital gain ✓ Long-term capital gain ✓ Long-term capital loss ✔ Black stock Gray stock Cost 03/12/19 $3,000 05/23/19 36,000 07/14/19 13,000 05/18/19 26,000 10/18/19 67,000 10/18/19 89,000 $ Sales Price $6,000 32,000 14,500 27,000 67,800 88,200 Amount 3,000 4,000 1,500 1,000 800 800 ✓ ✓ b. What is Phil and Susan's AGI? Phil and Susan have a net short-term capital gain ✓ of $ 4,000 ✓and a net long-term capital loss ✓ 4,800 X. Consequently, there is an overall net long-term capital gain X of of $ 2,300 X. Phil's and Susan's AGI is $ Feedback c. Complete a Form 8949 for the Hammonds. Assume that the stock sale information was reported to the Hammonds on and that basis information was provided to the IRS. If required, use the the minus sign to indicate a loss. Form 8949 Department of the Treasury Internal Revenue Service of Sales and Other Dispositions of Capital Assets ► Go to www.irs.gov/Form8949 for instructions and the latest information. ▸ File with your Schedule D to list your transactions for lines 1b, 2, 3, 8b, 9, and 10 of Schedule D. Name(s) shown on return Phil and Susan Hammond Form 1099-B OMB No. 1545-0074 2019 Attachment Sequence No. 12A Social security number or taxpayer identification number 123-45-6789 Before you check Box A, B, or C below, see whether you received any Form(s) 1099-B or substitute statement(s) from your broker. A substitute statement will have the same information as Form 1099-B. Either will show whether your basis (usually your cost) was reported to the IRS by your broker and may even tell you which box to check. Part I Short-Term. Transactions involving capital assets you held 1 year or less are short term (see instructions). For long-term transactions, see page 2. Note: You may aggregate all short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS and for Note: You may aggregate all short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS and for which no adjustments or codes are required. Enter the totals directly on Schedule D, line 1a; you aren't required to report these transactions on Form 8949 (see instructions). You must check Box A, B, or C below. Check only one box. If more than one box applies for your short-term transactions, complete a separate Form 8949, page 1, for each applicable box. If you have more short-term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need. (A) Short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above) (B) Short-term transactions reported on Form(s) 1099-B showing basis wasn't reported to the IRS (C) Short-term transactions not reported to you on Form 1099-B 1 (a) (b) Description of property Date acquired (Example: 100 sh. XYZ Co.) (Mo., day, yr.) 10 shares of Blue Company 100 shares of Red Company 11/10/18 06/29/18 (c) Date sold or disposed of (Mo., day, yr.) 03/12/19 05/18/19 (d) Proceeds (sales price) (see instructions) (e) Cost or other basis. See the Note below and see Column (e) in the separate instructions Adjustment, if any, to gain or loss. If you enter an amount in column (g), enter a code in column (f). See the separate instructions. (f) Code(s) from instructions (g) Amount of adjustment (h) Gain or (loss). Subtract column (e) from column (d) and combine the result with column (g) 2 Totals. Add the amounts in columns (d), (e), (g), and (h) (subtract negative amounts). Enter each total here and include on your Schedule D, line 1b (if Box A above is checked), line 2 (if Box B above is checked), or line 3 (if Box C above is checked) ► Note: If you checked Box A above but the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter an adjustment in column (g) to correct the basis. See Column (g) in the separate instructions for how to figure the amount of the adjustment. For Paperwork Reduction Act Notice, see your tax return instructions. Form 8949 (2019) Name(s) shown on return Name and SSN or taxpayer identification no not Cat. No. 37768Z Attachment Sequence No. 12A Form 8949 (2019) Page 2 Social security number or taxpayer identification separate Form 8949, page 2, for each applicable box. If you have more long-term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need. (D) Long-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above) (E) Long-term transactions reported on Form(s) 1099-B showing basis wasn't reported to the IRS □ (F) Long-term transactions not reported to you on Form 1099-B 1 (a) Description of property (Example: 100 sh. XYZ Co.) 100 shares of Purple Company 50 shares of Beige Company 100 shares of Black Company 100 shares of Gray Company (b) Date acquired (Mo., day, yr.) 12/13/17 12/14/14 05/15/18 04/12/17 (c) Date sold or disposed of (Mo., day, yr.) 05/23/19 07/14/19 10/18/19 10/18/19 (d) Proceeds (sales price) (see instructions) (e) Cost or other basis. See the Note below and see Column (e) in the separate instructions Adjustment, any, to gain or loss. If you enter an amount in column (g), enter a code in column (f). See the separate instructions. (f) Code(s) from instructions (g) Amount of adjustment (h) Gain or (loss). Subtract column (e) from column (d) and combine the result with column (g) 2 Totals. Add the amounts in columns (d), (e), (g), and (h) (subtract negative amounts). Enter each total here and include on your Schedule D, line 8b (if Box D above is checked), line 9 (if Box E above is checked), or line 10 (if Box F above is checked) ► Note: If you checked Box D above but the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter an adjustment in column (g) to correct the basis. See Column (g) in the separate instructions for how to figure the amount of the adjustment. Form 8949 (2019) Phil and Susan Hammond are married taxpayers filing a joint return. The couple have two dependent children. Susan Hammond has wages of $34,000 in 2019. Phil does not work due to a disability, but he is a buyer and seller of stocks. He generally buys and holds for long-term gain but occasionally gets in and out of a stock quickly. The couple's 2019 stock transactions are detailed below. In addition, they have $2,300 of qualifying dividends. Item Blue stock (10 shares) Purple stock (100 shares) Beige stock (50 shares) Red stock (100 shares) 11/10/18 12/13/17 12/14/14 06/29/18 Black stock (100 shares) 05/15/18 Gray stock (100 shares) 04/12/17 Item Blue stock Purple stock Beige stock Red stock Date Acquired Date Sold a. Determine the nature and amount of the gain or loss for each of the stock transactions. Type of Gain or Loss Short-term capital gain ✓ Long-term capital loss ✓ Long-term capital gain ✔ Short-term capital gain ✓ Long-term capital gain ✓ Long-term capital loss ✔ Black stock Gray stock Cost 03/12/19 $3,000 05/23/19 36,000 07/14/19 13,000 05/18/19 26,000 10/18/19 67,000 10/18/19 89,000 $ Sales Price $6,000 32,000 14,500 27,000 67,800 88,200 Amount 3,000 4,000 1,500 1,000 800 800 ✓ ✓ b. What is Phil and Susan's AGI? Phil and Susan have a net short-term capital gain ✓ of $ 4,000 ✓and a net long-term capital loss ✓ 4,800 X. Consequently, there is an overall net long-term capital gain X of of $ 2,300 X. Phil's and Susan's AGI is $ Feedback c. Complete a Form 8949 for the Hammonds. Assume that the stock sale information was reported to the Hammonds on and that basis information was provided to the IRS. If required, use the the minus sign to indicate a loss. Form 8949 Department of the Treasury Internal Revenue Service of Sales and Other Dispositions of Capital Assets ► Go to www.irs.gov/Form8949 for instructions and the latest information. ▸ File with your Schedule D to list your transactions for lines 1b, 2, 3, 8b, 9, and 10 of Schedule D. Name(s) shown on return Phil and Susan Hammond Form 1099-B OMB No. 1545-0074 2019 Attachment Sequence No. 12A Social security number or taxpayer identification number 123-45-6789 Before you check Box A, B, or C below, see whether you received any Form(s) 1099-B or substitute statement(s) from your broker. A substitute statement will have the same information as Form 1099-B. Either will show whether your basis (usually your cost) was reported to the IRS by your broker and may even tell you which box to check. Part I Short-Term. Transactions involving capital assets you held 1 year or less are short term (see instructions). For long-term transactions, see page 2. Note: You may aggregate all short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS and for Note: You may aggregate all short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS and for which no adjustments or codes are required. Enter the totals directly on Schedule D, line 1a; you aren't required to report these transactions on Form 8949 (see instructions). You must check Box A, B, or C below. Check only one box. If more than one box applies for your short-term transactions, complete a separate Form 8949, page 1, for each applicable box. If you have more short-term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need. (A) Short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above) (B) Short-term transactions reported on Form(s) 1099-B showing basis wasn't reported to the IRS (C) Short-term transactions not reported to you on Form 1099-B 1 (a) (b) Description of property Date acquired (Example: 100 sh. XYZ Co.) (Mo., day, yr.) 10 shares of Blue Company 100 shares of Red Company 11/10/18 06/29/18 (c) Date sold or disposed of (Mo., day, yr.) 03/12/19 05/18/19 (d) Proceeds (sales price) (see instructions) (e) Cost or other basis. See the Note below and see Column (e) in the separate instructions Adjustment, if any, to gain or loss. If you enter an amount in column (g), enter a code in column (f). See the separate instructions. (f) Code(s) from instructions (g) Amount of adjustment (h) Gain or (loss). Subtract column (e) from column (d) and combine the result with column (g) 2 Totals. Add the amounts in columns (d), (e), (g), and (h) (subtract negative amounts). Enter each total here and include on your Schedule D, line 1b (if Box A above is checked), line 2 (if Box B above is checked), or line 3 (if Box C above is checked) ► Note: If you checked Box A above but the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter an adjustment in column (g) to correct the basis. See Column (g) in the separate instructions for how to figure the amount of the adjustment. For Paperwork Reduction Act Notice, see your tax return instructions. Form 8949 (2019) Name(s) shown on return Name and SSN or taxpayer identification no not Cat. No. 37768Z Attachment Sequence No. 12A Form 8949 (2019) Page 2 Social security number or taxpayer identification separate Form 8949, page 2, for each applicable box. If you have more long-term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need. (D) Long-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above) (E) Long-term transactions reported on Form(s) 1099-B showing basis wasn't reported to the IRS □ (F) Long-term transactions not reported to you on Form 1099-B 1 (a) Description of property (Example: 100 sh. XYZ Co.) 100 shares of Purple Company 50 shares of Beige Company 100 shares of Black Company 100 shares of Gray Company (b) Date acquired (Mo., day, yr.) 12/13/17 12/14/14 05/15/18 04/12/17 (c) Date sold or disposed of (Mo., day, yr.) 05/23/19 07/14/19 10/18/19 10/18/19 (d) Proceeds (sales price) (see instructions) (e) Cost or other basis. See the Note below and see Column (e) in the separate instructions Adjustment, any, to gain or loss. If you enter an amount in column (g), enter a code in column (f). See the separate instructions. (f) Code(s) from instructions (g) Amount of adjustment (h) Gain or (loss). Subtract column (e) from column (d) and combine the result with column (g) 2 Totals. Add the amounts in columns (d), (e), (g), and (h) (subtract negative amounts). Enter each total here and include on your Schedule D, line 8b (if Box D above is checked), line 9 (if Box E above is checked), or line 10 (if Box F above is checked) ► Note: If you checked Box D above but the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter an adjustment in column (g) to correct the basis. See Column (g) in the separate instructions for how to figure the amount of the adjustment. Form 8949 (2019) Phil and Susan Hammond are married taxpayers filing a joint return. The couple have two dependent children. Susan Hammond has wages of $34,000 in 2019. Phil does not work due to a disability, but he is a buyer and seller of stocks. He generally buys and holds for long-term gain but occasionally gets in and out of a stock quickly. The couple's 2019 stock transactions are detailed below. In addition, they have $2,300 of qualifying dividends. Item Blue stock (10 shares) Purple stock (100 shares) Beige stock (50 shares) Red stock (100 shares) 11/10/18 12/13/17 12/14/14 06/29/18 Black stock (100 shares) 05/15/18 Gray stock (100 shares) 04/12/17 Item Blue stock Purple stock Beige stock Red stock Date Acquired Date Sold a. Determine the nature and amount of the gain or loss for each of the stock transactions. Type of Gain or Loss Short-term capital gain ✓ Long-term capital loss ✓ Long-term capital gain ✔ Short-term capital gain ✓ Long-term capital gain ✓ Long-term capital loss ✔ Black stock Gray stock Cost 03/12/19 $3,000 05/23/19 36,000 07/14/19 13,000 05/18/19 26,000 10/18/19 67,000 10/18/19 89,000 $ Sales Price $6,000 32,000 14,500 27,000 67,800 88,200 Amount 3,000 4,000 1,500 1,000 800 800 ✓ ✓ b. What is Phil and Susan's AGI? Phil and Susan have a net short-term capital gain ✓ of $ 4,000 ✓and a net long-term capital loss ✓ 4,800 X. Consequently, there is an overall net long-term capital gain X of of $ 2,300 X. Phil's and Susan's AGI is $ Feedback c. Complete a Form 8949 for the Hammonds. Assume that the stock sale information was reported to the Hammonds on and that basis information was provided to the IRS. If required, use the the minus sign to indicate a loss. Form 8949 Department of the Treasury Internal Revenue Service of Sales and Other Dispositions of Capital Assets ► Go to www.irs.gov/Form8949 for instructions and the latest information. ▸ File with your Schedule D to list your transactions for lines 1b, 2, 3, 8b, 9, and 10 of Schedule D. Name(s) shown on return Phil and Susan Hammond Form 1099-B OMB No. 1545-0074 2019 Attachment Sequence No. 12A Social security number or taxpayer identification number 123-45-6789 Before you check Box A, B, or C below, see whether you received any Form(s) 1099-B or substitute statement(s) from your broker. A substitute statement will have the same information as Form 1099-B. Either will show whether your basis (usually your cost) was reported to the IRS by your broker and may even tell you which box to check. Part I Short-Term. Transactions involving capital assets you held 1 year or less are short term (see instructions). For long-term transactions, see page 2. Note: You may aggregate all short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS and for Note: You may aggregate all short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS and for which no adjustments or codes are required. Enter the totals directly on Schedule D, line 1a; you aren't required to report these transactions on Form 8949 (see instructions). You must check Box A, B, or C below. Check only one box. If more than one box applies for your short-term transactions, complete a separate Form 8949, page 1, for each applicable box. If you have more short-term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need. (A) Short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above) (B) Short-term transactions reported on Form(s) 1099-B showing basis wasn't reported to the IRS (C) Short-term transactions not reported to you on Form 1099-B 1 (a) (b) Description of property Date acquired (Example: 100 sh. XYZ Co.) (Mo., day, yr.) 10 shares of Blue Company 100 shares of Red Company 11/10/18 06/29/18 (c) Date sold or disposed of (Mo., day, yr.) 03/12/19 05/18/19 (d) Proceeds (sales price) (see instructions) (e) Cost or other basis. See the Note below and see Column (e) in the separate instructions Adjustment, if any, to gain or loss. If you enter an amount in column (g), enter a code in column (f). See the separate instructions. (f) Code(s) from instructions (g) Amount of adjustment (h) Gain or (loss). Subtract column (e) from column (d) and combine the result with column (g) 2 Totals. Add the amounts in columns (d), (e), (g), and (h) (subtract negative amounts). Enter each total here and include on your Schedule D, line 1b (if Box A above is checked), line 2 (if Box B above is checked), or line 3 (if Box C above is checked) ► Note: If you checked Box A above but the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter an adjustment in column (g) to correct the basis. See Column (g) in the separate instructions for how to figure the amount of the adjustment. For Paperwork Reduction Act Notice, see your tax return instructions. Form 8949 (2019) Name(s) shown on return Name and SSN or taxpayer identification no not Cat. No. 37768Z Attachment Sequence No. 12A Form 8949 (2019) Page 2 Social security number or taxpayer identification separate Form 8949, page 2, for each applicable box. If you have more long-term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need. (D) Long-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above) (E) Long-term transactions reported on Form(s) 1099-B showing basis wasn't reported to the IRS □ (F) Long-term transactions not reported to you on Form 1099-B 1 (a) Description of property (Example: 100 sh. XYZ Co.) 100 shares of Purple Company 50 shares of Beige Company 100 shares of Black Company 100 shares of Gray Company (b) Date acquired (Mo., day, yr.) 12/13/17 12/14/14 05/15/18 04/12/17 (c) Date sold or disposed of (Mo., day, yr.) 05/23/19 07/14/19 10/18/19 10/18/19 (d) Proceeds (sales price) (see instructions) (e) Cost or other basis. See the Note below and see Column (e) in the separate instructions Adjustment, any, to gain or loss. If you enter an amount in column (g), enter a code in column (f). See the separate instructions. (f) Code(s) from instructions (g) Amount of adjustment (h) Gain or (loss). Subtract column (e) from column (d) and combine the result with column (g) 2 Totals. Add the amounts in columns (d), (e), (g), and (h) (subtract negative amounts). Enter each total here and include on your Schedule D, line 8b (if Box D above is checked), line 9 (if Box E above is checked), or line 10 (if Box F above is checked) ► Note: If you checked Box D above but the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter an adjustment in column (g) to correct the basis. See Column (g) in the separate instructions for how to figure the amount of the adjustment. Form 8949 (2019) Phil and Susan Hammond are married taxpayers filing a joint return. The couple have two dependent children. Susan Hammond has wages of $34,000 in 2019. Phil does not work due to a disability, but he is a buyer and seller of stocks. He generally buys and holds for long-term gain but occasionally gets in and out of a stock quickly. The couple's 2019 stock transactions are detailed below. In addition, they have $2,300 of qualifying dividends. Item Blue stock (10 shares) Purple stock (100 shares) Beige stock (50 shares) Red stock (100 shares) 11/10/18 12/13/17 12/14/14 06/29/18 Black stock (100 shares) 05/15/18 Gray stock (100 shares) 04/12/17 Item Blue stock Purple stock Beige stock Red stock Date Acquired Date Sold a. Determine the nature and amount of the gain or loss for each of the stock transactions. Type of Gain or Loss Short-term capital gain ✓ Long-term capital loss ✓ Long-term capital gain ✔ Short-term capital gain ✓ Long-term capital gain ✓ Long-term capital loss ✔ Black stock Gray stock Cost 03/12/19 $3,000 05/23/19 36,000 07/14/19 13,000 05/18/19 26,000 10/18/19 67,000 10/18/19 89,000 $ Sales Price $6,000 32,000 14,500 27,000 67,800 88,200 Amount 3,000 4,000 1,500 1,000 800 800 ✓ ✓ b. What is Phil and Susan's AGI? Phil and Susan have a net short-term capital gain ✓ of $ 4,000 ✓and a net long-term capital loss ✓ 4,800 X. Consequently, there is an overall net long-term capital gain X of of $ 2,300 X. Phil's and Susan's AGI is $ Feedback c. Complete a Form 8949 for the Hammonds. Assume that the stock sale information was reported to the Hammonds on and that basis information was provided to the IRS. If required, use the the minus sign to indicate a loss. Form 8949 Department of the Treasury Internal Revenue Service of Sales and Other Dispositions of Capital Assets ► Go to www.irs.gov/Form8949 for instructions and the latest information. ▸ File with your Schedule D to list your transactions for lines 1b, 2, 3, 8b, 9, and 10 of Schedule D. Name(s) shown on return Phil and Susan Hammond Form 1099-B OMB No. 1545-0074 2019 Attachment Sequence No. 12A Social security number or taxpayer identification number 123-45-6789 Before you check Box A, B, or C below, see whether you received any Form(s) 1099-B or substitute statement(s) from your broker. A substitute statement will have the same information as Form 1099-B. Either will show whether your basis (usually your cost) was reported to the IRS by your broker and may even tell you which box to check. Part I Short-Term. Transactions involving capital assets you held 1 year or less are short term (see instructions). For long-term transactions, see page 2. Note: You may aggregate all short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS and for Note: You may aggregate all short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS and for which no adjustments or codes are required. Enter the totals directly on Schedule D, line 1a; you aren't required to report these transactions on Form 8949 (see instructions). You must check Box A, B, or C below. Check only one box. If more than one box applies for your short-term transactions, complete a separate Form 8949, page 1, for each applicable box. If you have more short-term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need. (A) Short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above) (B) Short-term transactions reported on Form(s) 1099-B showing basis wasn't reported to the IRS (C) Short-term transactions not reported to you on Form 1099-B 1 (a) (b) Description of property Date acquired (Example: 100 sh. XYZ Co.) (Mo., day, yr.) 10 shares of Blue Company 100 shares of Red Company 11/10/18 06/29/18 (c) Date sold or disposed of (Mo., day, yr.) 03/12/19 05/18/19 (d) Proceeds (sales price) (see instructions) (e) Cost or other basis. See the Note below and see Column (e) in the separate instructions Adjustment, if any, to gain or loss. If you enter an amount in column (g), enter a code in column (f). See the separate instructions. (f) Code(s) from instructions (g) Amount of adjustment (h) Gain or (loss). Subtract column (e) from column (d) and combine the result with column (g) 2 Totals. Add the amounts in columns (d), (e), (g), and (h) (subtract negative amounts). Enter each total here and include on your Schedule D, line 1b (if Box A above is checked), line 2 (if Box B above is checked), or line 3 (if Box C above is checked) ► Note: If you checked Box A above but the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter an adjustment in column (g) to correct the basis. See Column (g) in the separate instructions for how to figure the amount of the adjustment. For Paperwork Reduction Act Notice, see your tax return instructions. Form 8949 (2019) Name(s) shown on return Name and SSN or taxpayer identification no not Cat. No. 37768Z Attachment Sequence No. 12A Form 8949 (2019) Page 2 Social security number or taxpayer identification separate Form 8949, page 2, for each applicable box. If you have more long-term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need. (D) Long-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above) (E) Long-term transactions reported on Form(s) 1099-B showing basis wasn't reported to the IRS □ (F) Long-term transactions not reported to you on Form 1099-B 1 (a) Description of property (Example: 100 sh. XYZ Co.) 100 shares of Purple Company 50 shares of Beige Company 100 shares of Black Company 100 shares of Gray Company (b) Date acquired (Mo., day, yr.) 12/13/17 12/14/14 05/15/18 04/12/17 (c) Date sold or disposed of (Mo., day, yr.) 05/23/19 07/14/19 10/18/19 10/18/19 (d) Proceeds (sales price) (see instructions) (e) Cost or other basis. See the Note below and see Column (e) in the separate instructions Adjustment, any, to gain or loss. If you enter an amount in column (g), enter a code in column (f). See the separate instructions. (f) Code(s) from instructions (g) Amount of adjustment (h) Gain or (loss). Subtract column (e) from column (d) and combine the result with column (g) 2 Totals. Add the amounts in columns (d), (e), (g), and (h) (subtract negative amounts). Enter each total here and include on your Schedule D, line 8b (if Box D above is checked), line 9 (if Box E above is checked), or line 10 (if Box F above is checked) ► Note: If you checked Box D above but the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter an adjustment in column (g) to correct the basis. See Column (g) in the separate instructions for how to figure the amount of the adjustment. Form 8949 (2019) Phil and Susan Hammond are married taxpayers filing a joint return. The couple have two dependent children. Susan Hammond has wages of $34,000 in 2019. Phil does not work due to a disability, but he is a buyer and seller of stocks. He generally buys and holds for long-term gain but occasionally gets in and out of a stock quickly. The couple's 2019 stock transactions are detailed below. In addition, they have $2,300 of qualifying dividends. Item Blue stock (10 shares) Purple stock (100 shares) Beige stock (50 shares) Red stock (100 shares) 11/10/18 12/13/17 12/14/14 06/29/18 Black stock (100 shares) 05/15/18 Gray stock (100 shares) 04/12/17 Item Blue stock Purple stock Beige stock Red stock Date Acquired Date Sold a. Determine the nature and amount of the gain or loss for each of the stock transactions. Type of Gain or Loss Short-term capital gain ✓ Long-term capital loss ✓ Long-term capital gain ✔ Short-term capital gain ✓ Long-term capital gain ✓ Long-term capital loss ✔ Black stock Gray stock Cost 03/12/19 $3,000 05/23/19 36,000 07/14/19 13,000 05/18/19 26,000 10/18/19 67,000 10/18/19 89,000 $ Sales Price $6,000 32,000 14,500 27,000 67,800 88,200 Amount 3,000 4,000 1,500 1,000 800 800 ✓ ✓ b. What is Phil and Susan's AGI? Phil and Susan have a net short-term capital gain ✓ of $ 4,000 ✓and a net long-term capital loss ✓ 4,800 X. Consequently, there is an overall net long-term capital gain X of of $ 2,300 X. Phil's and Susan's AGI is $ Feedback c. Complete a Form 8949 for the Hammonds. Assume that the stock sale information was reported to the Hammonds on and that basis information was provided to the IRS. If required, use the the minus sign to indicate a loss. Form 8949 Department of the Treasury Internal Revenue Service of Sales and Other Dispositions of Capital Assets ► Go to www.irs.gov/Form8949 for instructions and the latest information. ▸ File with your Schedule D to list your transactions for lines 1b, 2, 3, 8b, 9, and 10 of Schedule D. Name(s) shown on return Phil and Susan Hammond Form 1099-B OMB No. 1545-0074 2019 Attachment Sequence No. 12A Social security number or taxpayer identification number 123-45-6789 Before you check Box A, B, or C below, see whether you received any Form(s) 1099-B or substitute statement(s) from your broker. A substitute statement will have the same information as Form 1099-B. Either will show whether your basis (usually your cost) was reported to the IRS by your broker and may even tell you which box to check. Part I Short-Term. Transactions involving capital assets you held 1 year or less are short term (see instructions). For long-term transactions, see page 2. Note: You may aggregate all short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS and for Note: You may aggregate all short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS and for which no adjustments or codes are required. Enter the totals directly on Schedule D, line 1a; you aren't required to report these transactions on Form 8949 (see instructions). You must check Box A, B, or C below. Check only one box. If more than one box applies for your short-term transactions, complete a separate Form 8949, page 1, for each applicable box. If you have more short-term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need. (A) Short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above) (B) Short-term transactions reported on Form(s) 1099-B showing basis wasn't reported to the IRS (C) Short-term transactions not reported to you on Form 1099-B 1 (a) (b) Description of property Date acquired (Example: 100 sh. XYZ Co.) (Mo., day, yr.) 10 shares of Blue Company 100 shares of Red Company 11/10/18 06/29/18 (c) Date sold or disposed of (Mo., day, yr.) 03/12/19 05/18/19 (d) Proceeds (sales price) (see instructions) (e) Cost or other basis. See the Note below and see Column (e) in the separate instructions Adjustment, if any, to gain or loss. If you enter an amount in column (g), enter a code in column (f). See the separate instructions. (f) Code(s) from instructions (g) Amount of adjustment (h) Gain or (loss). Subtract column (e) from column (d) and combine the result with column (g) 2 Totals. Add the amounts in columns (d), (e), (g), and (h) (subtract negative amounts). Enter each total here and include on your Schedule D, line 1b (if Box A above is checked), line 2 (if Box B above is checked), or line 3 (if Box C above is checked) ► Note: If you checked Box A above but the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter an adjustment in column (g) to correct the basis. See Column (g) in the separate instructions for how to figure the amount of the adjustment. For Paperwork Reduction Act Notice, see your tax return instructions. Form 8949 (2019) Name(s) shown on return Name and SSN or taxpayer identification no not Cat. No. 37768Z Attachment Sequence No. 12A Form 8949 (2019) Page 2 Social security number or taxpayer identification separate Form 8949, page 2, for each applicable box. If you have more long-term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need. (D) Long-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above) (E) Long-term transactions reported on Form(s) 1099-B showing basis wasn't reported to the IRS □ (F) Long-term transactions not reported to you on Form 1099-B 1 (a) Description of property (Example: 100 sh. XYZ Co.) 100 shares of Purple Company 50 shares of Beige Company 100 shares of Black Company 100 shares of Gray Company (b) Date acquired (Mo., day, yr.) 12/13/17 12/14/14 05/15/18 04/12/17 (c) Date sold or disposed of (Mo., day, yr.) 05/23/19 07/14/19 10/18/19 10/18/19 (d) Proceeds (sales price) (see instructions) (e) Cost or other basis. See the Note below and see Column (e) in the separate instructions Adjustment, any, to gain or loss. If you enter an amount in column (g), enter a code in column (f). See the separate instructions. (f) Code(s) from instructions (g) Amount of adjustment (h) Gain or (loss). Subtract column (e) from column (d) and combine the result with column (g) 2 Totals. Add the amounts in columns (d), (e), (g), and (h) (subtract negative amounts). Enter each total here and include on your Schedule D, line 8b (if Box D above is checked), line 9 (if Box E above is checked), or line 10 (if Box F above is checked) ► Note: If you checked Box D above but the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter an adjustment in column (g) to correct the basis. See Column (g) in the separate instructions for how to figure the amount of the adjustment. Form 8949 (2019) Phil and Susan Hammond are married taxpayers filing a joint return. The couple have two dependent children. Susan Hammond has wages of $34,000 in 2019. Phil does not work due to a disability, but he is a buyer and seller of stocks. He generally buys and holds for long-term gain but occasionally gets in and out of a stock quickly. The couple's 2019 stock transactions are detailed below. In addition, they have $2,300 of qualifying dividends. Item Blue stock (10 shares) Purple stock (100 shares) Beige stock (50 shares) Red stock (100 shares) 11/10/18 12/13/17 12/14/14 06/29/18 Black stock (100 shares) 05/15/18 Gray stock (100 shares) 04/12/17 Item Blue stock Purple stock Beige stock Red stock Date Acquired Date Sold a. Determine the nature and amount of the gain or loss for each of the stock transactions. Type of Gain or Loss Short-term capital gain ✓ Long-term capital loss ✓ Long-term capital gain ✔ Short-term capital gain ✓ Long-term capital gain ✓ Long-term capital loss ✔ Black stock Gray stock Cost 03/12/19 $3,000 05/23/19 36,000 07/14/19 13,000 05/18/19 26,000 10/18/19 67,000 10/18/19 89,000 $ Sales Price $6,000 32,000 14,500 27,000 67,800 88,200 Amount 3,000 4,000 1,500 1,000 800 800 ✓ ✓ b. What is Phil and Susan's AGI? Phil and Susan have a net short-term capital gain ✓ of $ 4,000 ✓and a net long-term capital loss ✓ 4,800 X. Consequently, there is an overall net long-term capital gain X of of $ 2,300 X. Phil's and Susan's AGI is $ Feedback c. Complete a Form 8949 for the Hammonds. Assume that the stock sale information was reported to the Hammonds on and that basis information was provided to the IRS. If required, use the the minus sign to indicate a loss. Form 8949 Department of the Treasury Internal Revenue Service of Sales and Other Dispositions of Capital Assets ► Go to www.irs.gov/Form8949 for instructions and the latest information. ▸ File with your Schedule D to list your transactions for lines 1b, 2, 3, 8b, 9, and 10 of Schedule D. Name(s) shown on return Phil and Susan Hammond Form 1099-B OMB No. 1545-0074 2019 Attachment Sequence No. 12A Social security number or taxpayer identification number 123-45-6789 Before you check Box A, B, or C below, see whether you received any Form(s) 1099-B or substitute statement(s) from your broker. A substitute statement will have the same information as Form 1099-B. Either will show whether your basis (usually your cost) was reported to the IRS by your broker and may even tell you which box to check. Part I Short-Term. Transactions involving capital assets you held 1 year or less are short term (see instructions). For long-term transactions, see page 2. Note: You may aggregate all short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS and for Note: You may aggregate all short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS and for which no adjustments or codes are required. Enter the totals directly on Schedule D, line 1a; you aren't required to report these transactions on Form 8949 (see instructions). You must check Box A, B, or C below. Check only one box. If more than one box applies for your short-term transactions, complete a separate Form 8949, page 1, for each applicable box. If you have more short-term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need. (A) Short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above) (B) Short-term transactions reported on Form(s) 1099-B showing basis wasn't reported to the IRS (C) Short-term transactions not reported to you on Form 1099-B 1 (a) (b) Description of property Date acquired (Example: 100 sh. XYZ Co.) (Mo., day, yr.) 10 shares of Blue Company 100 shares of Red Company 11/10/18 06/29/18 (c) Date sold or disposed of (Mo., day, yr.) 03/12/19 05/18/19 (d) Proceeds (sales price) (see instructions) (e) Cost or other basis. See the Note below and see Column (e) in the separate instructions Adjustment, if any, to gain or loss. If you enter an amount in column (g), enter a code in column (f). See the separate instructions. (f) Code(s) from instructions (g) Amount of adjustment (h) Gain or (loss). Subtract column (e) from column (d) and combine the result with column (g) 2 Totals. Add the amounts in columns (d), (e), (g), and (h) (subtract negative amounts). Enter each total here and include on your Schedule D, line 1b (if Box A above is checked), line 2 (if Box B above is checked), or line 3 (if Box C above is checked) ► Note: If you checked Box A above but the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter an adjustment in column (g) to correct the basis. See Column (g) in the separate instructions for how to figure the amount of the adjustment. For Paperwork Reduction Act Notice, see your tax return instructions. Form 8949 (2019) Name(s) shown on return Name and SSN or taxpayer identification no not Cat. No. 37768Z Attachment Sequence No. 12A Form 8949 (2019) Page 2 Social security number or taxpayer identification separate Form 8949, page 2, for each applicable box. If you have more long-term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need. (D) Long-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above) (E) Long-term transactions reported on Form(s) 1099-B showing basis wasn't reported to the IRS □ (F) Long-term transactions not reported to you on Form 1099-B 1 (a) Description of property (Example: 100 sh. XYZ Co.) 100 shares of Purple Company 50 shares of Beige Company 100 shares of Black Company 100 shares of Gray Company (b) Date acquired (Mo., day, yr.) 12/13/17 12/14/14 05/15/18 04/12/17 (c) Date sold or disposed of (Mo., day, yr.) 05/23/19 07/14/19 10/18/19 10/18/19 (d) Proceeds (sales price) (see instructions) (e) Cost or other basis. See the Note below and see Column (e) in the separate instructions Adjustment, any, to gain or loss. If you enter an amount in column (g), enter a code in column (f). See the separate instructions. (f) Code(s) from instructions (g) Amount of adjustment (h) Gain or (loss). Subtract column (e) from column (d) and combine the result with column (g) 2 Totals. Add the amounts in columns (d), (e), (g), and (h) (subtract negative amounts). Enter each total here and include on your Schedule D, line 8b (if Box D above is checked), line 9 (if Box E above is checked), or line 10 (if Box F above is checked) ► Note: If you checked Box D above but the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter an adjustment in column (g) to correct the basis. See Column (g) in the separate instructions for how to figure the amount of the adjustment. Form 8949 (2019) Phil and Susan Hammond are married taxpayers filing a joint return. The couple have two dependent children. Susan Hammond has wages of $34,000 in 2019. Phil does not work due to a disability, but he is a buyer and seller of stocks. He generally buys and holds for long-term gain but occasionally gets in and out of a stock quickly. The couple's 2019 stock transactions are detailed below. In addition, they have $2,300 of qualifying dividends. Item Blue stock (10 shares) Purple stock (100 shares) Beige stock (50 shares) Red stock (100 shares) 11/10/18 12/13/17 12/14/14 06/29/18 Black stock (100 shares) 05/15/18 Gray stock (100 shares) 04/12/17 Item Blue stock Purple stock Beige stock Red stock Date Acquired Date Sold a. Determine the nature and amount of the gain or loss for each of the stock transactions. Type of Gain or Loss Short-term capital gain ✓ Long-term capital loss ✓ Long-term capital gain ✔ Short-term capital gain ✓ Long-term capital gain ✓ Long-term capital loss ✔ Black stock Gray stock Cost 03/12/19 $3,000 05/23/19 36,000 07/14/19 13,000 05/18/19 26,000 10/18/19 67,000 10/18/19 89,000 $ Sales Price $6,000 32,000 14,500 27,000 67,800 88,200 Amount 3,000 4,000 1,500 1,000 800 800 ✓ ✓ b. What is Phil and Susan's AGI? Phil and Susan have a net short-term capital gain ✓ of $ 4,000 ✓and a net long-term capital loss ✓ 4,800 X. Consequently, there is an overall net long-term capital gain X of of $ 2,300 X. Phil's and Susan's AGI is $ Feedback c. Complete a Form 8949 for the Hammonds. Assume that the stock sale information was reported to the Hammonds on and that basis information was provided to the IRS. If required, use the the minus sign to indicate a loss. Form 8949 Department of the Treasury Internal Revenue Service of Sales and Other Dispositions of Capital Assets ► Go to www.irs.gov/Form8949 for instructions and the latest information. ▸ File with your Schedule D to list your transactions for lines 1b, 2, 3, 8b, 9, and 10 of Schedule D. Name(s) shown on return Phil and Susan Hammond Form 1099-B OMB No. 1545-0074 2019 Attachment Sequence No. 12A Social security number or taxpayer identification number 123-45-6789 Before you check Box A, B, or C below, see whether you received any Form(s) 1099-B or substitute statement(s) from your broker. A substitute statement will have the same information as Form 1099-B. Either will show whether your basis (usually your cost) was reported to the IRS by your broker and may even tell you which box to check. Part I Short-Term. Transactions involving capital assets you held 1 year or less are short term (see instructions). For long-term transactions, see page 2. Note: You may aggregate all short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS and for Note: You may aggregate all short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS and for which no adjustments or codes are required. Enter the totals directly on Schedule D, line 1a; you aren't required to report these transactions on Form 8949 (see instructions). You must check Box A, B, or C below. Check only one box. If more than one box applies for your short-term transactions, complete a separate Form 8949, page 1, for each applicable box. If you have more short-term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need. (A) Short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above) (B) Short-term transactions reported on Form(s) 1099-B showing basis wasn't reported to the IRS (C) Short-term transactions not reported to you on Form 1099-B 1 (a) (b) Description of property Date acquired (Example: 100 sh. XYZ Co.) (Mo., day, yr.) 10 shares of Blue Company 100 shares of Red Company 11/10/18 06/29/18 (c) Date sold or disposed of (Mo., day, yr.) 03/12/19 05/18/19 (d) Proceeds (sales price) (see instructions) (e) Cost or other basis. See the Note below and see Column (e) in the separate instructions Adjustment, if any, to gain or loss. If you enter an amount in column (g), enter a code in column (f). See the separate instructions. (f) Code(s) from instructions (g) Amount of adjustment (h) Gain or (loss). Subtract column (e) from column (d) and combine the result with column (g) 2 Totals. Add the amounts in columns (d), (e), (g), and (h) (subtract negative amounts). Enter each total here and include on your Schedule D, line 1b (if Box A above is checked), line 2 (if Box B above is checked), or line 3 (if Box C above is checked) ► Note: If you checked Box A above but the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter an adjustment in column (g) to correct the basis. See Column (g) in the separate instructions for how to figure the amount of the adjustment. For Paperwork Reduction Act Notice, see your tax return instructions. Form 8949 (2019) Name(s) shown on return Name and SSN or taxpayer identification no not Cat. No. 37768Z Attachment Sequence No. 12A Form 8949 (2019) Page 2 Social security number or taxpayer identification separate Form 8949, page 2, for each applicable box. If you have more long-term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need. (D) Long-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above) (E) Long-term transactions reported on Form(s) 1099-B showing basis wasn't reported to the IRS □ (F) Long-term transactions not reported to you on Form 1099-B 1 (a) Description of property (Example: 100 sh. XYZ Co.) 100 shares of Purple Company 50 shares of Beige Company 100 shares of Black Company 100 shares of Gray Company (b) Date acquired (Mo., day, yr.) 12/13/17 12/14/14 05/15/18 04/12/17 (c) Date sold or disposed of (Mo., day, yr.) 05/23/19 07/14/19 10/18/19 10/18/19 (d) Proceeds (sales price) (see instructions) (e) Cost or other basis. See the Note below and see Column (e) in the separate instructions Adjustment, any, to gain or loss. If you enter an amount in column (g), enter a code in column (f). See the separate instructions. (f) Code(s) from instructions (g) Amount of adjustment (h) Gain or (loss). Subtract column (e) from column (d) and combine the result with column (g) 2 Totals. Add the amounts in columns (d), (e), (g), and (h) (subtract negative amounts). Enter each total here and include on your Schedule D, line 8b (if Box D above is checked), line 9 (if Box E above is checked), or line 10 (if Box F above is checked) ► Note: If you checked Box D above but the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter an adjustment in column (g) to correct the basis. See Column (g) in the separate instructions for how to figure the amount of the adjustment. Form 8949 (2019)

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