Allison discovered a bookkeeping error in her business records. The revenues from Toge Pass should have been $85,100 (not the $64,050 originally recorded).

Albert owned 1,000 shares of Behemoth Airline stock with a basis of $30 per share. The stock was purchased 6 years ago on June 10. Albert sells 500 shares of Behemoth stock to his uncle Seth and 500 of the shares to his sister Sara for $5 per share on December 31, 2019.

Please assist with the tax forms that should be be filled out? And for how much? Thank you.