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2020 Tax Schedule The Gonzaleses sold 200 shares of Capp Corporation stock on September 3, 2020, for $42 a share (minus a $50 commission). The
2020 Tax Schedule The Gonzaleses sold 200 shares of Capp Corporation stock on September 3, 2020, for $42 a share (minus a $50 commission). The Gonzaleses received the stock from Armandos father on June 25, 1993, as a wedding present. Armandos father originally purchased the stock for $10 per share on January 1, 1971. The stock was valued at $14.50 per share on the date of the gift. No gift tax was paid on the gift. The sale was reported to the taxpayer and the IRS on Form 1099-B.
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