Charu Khanna received a Form 1099-B showing the following stock transactions and basis during 2020: None of
Question:
Charu Khanna received a Form 1099-B showing the following stock transactions and basis during 2020:
None of the stock is qualified small business stock. The stock basis was reported to the IRS. Calculate Charu’s net capital gain or loss using Schedule D and Form 8949 on Pages 4-53 through 4-56.
Transcribed Image Text:
Stock 4,000 shares Green Co. 500 shares Gold Co. 5,000 shares Blue Co. 100 shares Orange Co. Date Purchased 06/04/09 02/12/20 02/04/10 11/15/19 Date Sold 08/05/20 09/05/20 10/08/20 07/12/20 Sales Price ($) Cost Basis ($) 12,000 3,000 49,000 62,000 18,000 22,000 19,000 18,000
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SCHEDULE D Form 1040 Department of the Treasury Internal Revenue Service 99 Names shown on retum Capital Gains and Losses Attach to Form 1040 1040SR or 1040NR Go to wwwirsgovScheduled for instructions ...View the full answer
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Related Book For
Income Tax Fundamentals 2021
ISBN: 9780357141366
39th Edition
Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill
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