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(1)Janice made a $6,000 contribution to her traditional IRA account. Her employer, Worldwide publishing, offers a 401k that Janice contributes to. (2)Sale of LMN publically

(1)Janice made a $6,000 contribution to her traditional IRA account. Her employer, Worldwide publishing, offers a 401k that Janice contributes to.

(2)Sale of LMN publically traded stock on 8/15/2019 for $11,000 (originally purchased for $4,000 on 1/15/2015)

(3)Sale of QRS publically traded stock on 10/15/2019 for $2,000 (originally purchased for $6,000 on 12/15/2018)

(4)Sale of a boat on 5/15/2019 for $10,000 used for personal recreation (originally purchased for $20,000 on 6/15/2014)

(5)Janice inherited publically traded stock worth $30,000 from a deceased uncle on September 30, 2019

(6)Immediately after receiving this stock, Janice sold it for $30,000. This stock was originally purchased by his uncle on January 15th, 2016 for $23,000

Prepare the 2019 Federal income tax return for Janice Morgan. It is required that you submit both the (1) tax return and a (2) brief explanation for each line item on the return.

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