Question
6. The TPs sold the following stock this year: 300 shares of Adam, Inc.; Purchased on 8/21/18 for $52 per share; Sold on 5/2/20 for
6. The TPs sold the following stock this year:
300 shares of Adam, Inc.; Purchased on 8/21/18 for $52 per share; Sold on 5/2/20 for $62 per share reported to the TPs on Form 1099-B without basis reported.
1,000 shares of Eve, Inc.; Purchased on 8/24/19 for $176 per share; Sold on 6/30/20 for $166 per share reported to the TPs on Form 1099-B without basis reported.
If only one of the following is a correct entry on the TPs return, it is:
a. $3,000 on Schedule D, Part I, Line 1, column (h).
b. ($10,000) on Form 8949, Part II, Line 1, column (h).
c. ($3,000) on Form 1040, Line 6.
d. ($7,000) on Schedule D, Part III, Line 21.
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