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Classify taxable and nontaxable income. After that, calculate the tax payable amount for tax return 2019 (1) Sale of ABC publically traded stock on 8/15/2019

Classify taxable and nontaxable income. After that, calculate the tax payable amount for tax return 2019

(1) Sale of ABC publically traded stock on 8/15/2019 for $8,000 (originally purchased for

$7,000 on 1/15/2015)

(2) Sale of XYZ publically traded stock on 10/15/2019 for $3,000 (originally purchased for

$10,000 on 12/15/2018)

(3) Sale of a boat on 6/15/2019 for $10,000 used for personal recreation (originally

purchased for $20,000 on 7/15/2014)

(4) Jenny inherited publically traded stock worth $20,000 from a deceased uncle on

September 30, 2019

(5) Immediately after receiving this stock, Jenny sold it for $20,000. This stock was

originally purchased by his uncle on January 15th, 2017 for $13,000

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