Column A Treatment: The first column contains a set of facts that may have a tax consequence. Analyze and identify the issue(s) that each fact pattern presents.Column B Form & Page: List what Form / Schedule (e.g. 1040, page 1) where this information is reported or used in a calculation for the first time. Column C: Line: Identify what line on the form this information is initially reported.

Facts/ Information

Treatment (A)

Form & page # (B)

Line (C)

Steven took a refresher course from the AICPA regarding proposed accounting changes in anticipation of the new rules. The course cost $600 and he was not reimbursed by his employer. (Hint: this was not a course taken at a college or university)
Three years ago, Steven attempted to create a loss of $600 on the sale of 100 shares of Crow Corp. stock that he had a total A/B of $2,000 and the A/R was $1,400 (for all 100 shares). On September 6, 2014 (ten days after the sale), he repurchased 100 shares in the same company for $18.00 per share. The IRS disallowed the $600 for the earlier loss. On 10/15/17, Steve sells all of the 100 shares in Crow Corp. stock for a total of $6,400. (He receives a 1099-B form from his broker showing only the second purchase adjusted basis). What is his gain or loss and character from these transactions?