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Answer needs to be filled out in a form 8949 The Leticas had the following activity in their brokerage account during the year (all transactions
Answer needs to be filled out in a form 8949
The Leticas had the following activity in their brokerage account during the year (all transactions were reported on a Form 1099-B and basis information for each stock sale was reported to the IRS): Sold 1,980 shares of Medtronic Sold 75 shares of Intel Sold 347 shares of Accenture Sold 990 shares of Disney Sold 50 shares of Cisco Systems Purchased 99 shares of McDonald's Purchased 347 shares of Accenture Purchased 347 shares of Pepsi Purchased 297 shares of Costco Wholesale 9/3/19 6/17/19 12/16/19 11/5/19 3/9/19 9/12/19 12/30/19 7/16/19 12/16/19 $22,275 $28,463 $14,553 $34,650 $2,723 $7,623 $13,860 $31,680 $20,790 Relevant tax basis/holding period information related to sales of securities in the current year: Purchased 1,980 shares of Medtronic on 7/3/19 for $20,790 Purchased 198 shares of Intel on 5/10/17 for $89,100 Purchased 297 shares of Accenture on 3/14/16 for $8,910 Purchased 50 shares of Accenture on 8/30/16 for $1,980 Received 990 shares of Disney from Cynthia's father as a gift on 12/12/03. Her father's basis in the stock at the time of the gift was $6,930. Fair market value of the stock at the date of the gift was $40,590 Purchased 99 shares of Cisco Systems on 11/7/18 for $5,940 The Leticas have a $42,570 long-term capital loss carryover from the prior tax year. The Leticas had the following activity in their brokerage account during the year (all transactions were reported on a Form 1099-B and basis information for each stock sale was reported to the IRS): Sold 1,980 shares of Medtronic Sold 75 shares of Intel Sold 347 shares of Accenture Sold 990 shares of Disney Sold 50 shares of Cisco Systems Purchased 99 shares of McDonald's Purchased 347 shares of Accenture Purchased 347 shares of Pepsi Purchased 297 shares of Costco Wholesale 9/3/19 6/17/19 12/16/19 11/5/19 3/9/19 9/12/19 12/30/19 7/16/19 12/16/19 $22,275 $28,463 $14,553 $34,650 $2,723 $7,623 $13,860 $31,680 $20,790 Relevant tax basis/holding period information related to sales of securities in the current year: Purchased 1,980 shares of Medtronic on 7/3/19 for $20,790 Purchased 198 shares of Intel on 5/10/17 for $89,100 Purchased 297 shares of Accenture on 3/14/16 for $8,910 Purchased 50 shares of Accenture on 8/30/16 for $1,980 Received 990 shares of Disney from Cynthia's father as a gift on 12/12/03. Her father's basis in the stock at the time of the gift was $6,930. Fair market value of the stock at the date of the gift was $40,590 Purchased 99 shares of Cisco Systems on 11/7/18 for $5,940 The Leticas have a $42,570 long-term capital loss carryover from the prior tax yearStep by Step Solution
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