Karim Depak received a Form 1099-B showing the following stock transactions and basis during 2012: None of
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None of the stock is qualified small business stock. Calculate Karim's net capital gain or loss using Schedule D and Form 8949 on pages 8-43 and 8-46.
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Sales Purchased Date Sold Price Date Cost Basis 4,000 shares Green Co. 06/04/02 08/05/12 S12,000 4,000 02/04/03 0/08/12 18,000 22,000 Stock 500 shares Gold Co 5,000 shares Blue Co. 02/12/12 09/05/12 54,000 58,000
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SCHEDULE D Form 1040 Department of the Treasury Internal Revenue Service 30 Name shown on return Capital Gains and Losses Attach to Form 1040 or Form 1040NR Information about Schedule D and its separa...View the full answer
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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