Question
5. In addition to the above, the Polks had the following stock transactions during the year: StockDate AcquiredDate SoldSalesPricePurchase Price 150 sh Pfizer Corp 5/12/898/15/14$6,000(1)
5. In addition to the above, the Polks had the following stock transactions during the year:
StockDate AcquiredDate SoldSalesPricePurchase Price
150 sh Pfizer Corp 5/12/898/15/14$6,000(1)
300 sh Texas Instr. 7/30/9410/25/14$17,100(2)
50 sh Allergan 6/10/0910/23/14$525 $1,800
25 sh ExxonMobil 4/28/139/4/14$900$2,700
60 sh Texaco 9/11/1310/27/14$10,410$9,100
300 sh HulaHoop 1/7/0812/2014$ 6,125$3,150
(1)Lisa received a gift of 150 shares of Pfizer Corp stock on 5/12/89- it was gifted to her by her father. He acquired the stock on 10/27/81 for $1,300. In 2/00 the stick split 2 for 1.
(2) The Joness acquired 500 shares of Texas Instrument stock for $7,810. Shortly after the purchase, they received a nontaxable stock dividend of 10%.
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How to calculate the tax return???
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