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Character (15%, 25% 28%, ordinary STCL) During 2020, Allison who is single with no dependents and had $175,000 of taxable income before considering the following

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Character (15%, 25% 28%, ordinary STCL) During 2020, Allison who is single with no dependents and had $175,000 of taxable income before considering the following property related items Part A. Fill in the amount realized, adjusted basis, realized gain Amount Realized Gain (los) and character of the gain or loss in the boxes below #shares selling price cost price Realized Adjusted Basis (Loss) or Income 1 Received Qualified dividends from Company X of $2.400 $2,400 Sold 1,500 shares of Company Yon October 20, 2020 for $75 2 per share. The stock was purchased on April 10, 2014 for $62 1,500 575 562 per share Sold 800 shares of Company Z on November 25, 2020 for $56 3 per share. The stock was purchased on March 15, 2020 for 800 556 568 per share. Sold a stamp collection on June 9, 2020 for $12,100. The 4 stamp collect was inherited on February 5, 2006 when it was valued at $7.500. It originally cost $4,900 A 25% gain (unrecaptured $1250 gain) of $6.200. (This is a 5 $6.200 long-term capital gain taxed at 25%) Total 568 Part B. Calculate the taxable income, portion of Tl that is taxed as ordinary income, the portion of Ti that will be taxed with LTCGs at preferential tax rates (not taxed as ordinary income), and tax on taxable income before credits: STCL 15% 25% 28% Total Character (15%, 25% 28%, ordinary STCL) During 2020, Allison who is single with no dependents and had $175,000 of taxable income before considering the following property related items Part A. Fill in the amount realized, adjusted basis, realized gain Amount Realized Gain (los) and character of the gain or loss in the boxes below #shares selling price cost price Realized Adjusted Basis (Loss) or Income 1 Received Qualified dividends from Company X of $2.400 $2,400 Sold 1,500 shares of Company Yon October 20, 2020 for $75 2 per share. The stock was purchased on April 10, 2014 for $62 1,500 575 562 per share Sold 800 shares of Company Z on November 25, 2020 for $56 3 per share. The stock was purchased on March 15, 2020 for 800 556 568 per share. Sold a stamp collection on June 9, 2020 for $12,100. The 4 stamp collect was inherited on February 5, 2006 when it was valued at $7.500. It originally cost $4,900 A 25% gain (unrecaptured $1250 gain) of $6.200. (This is a 5 $6.200 long-term capital gain taxed at 25%) Total 568 Part B. Calculate the taxable income, portion of Tl that is taxed as ordinary income, the portion of Ti that will be taxed with LTCGs at preferential tax rates (not taxed as ordinary income), and tax on taxable income before credits: STCL 15% 25% 28% Total

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