During 2016, Allison who is single with no dependents and had $200,000 of taxable income before considering the following property related items:

Part A. Fill in the amount realized, adjusted basis, realized gain (loss) and character of the gain or loss in the boxes below		Amount Realized	Adjusted Basis	Realized Gain (Loss) or Income	Character (15%, 25%, 28%, ordinary, short-term)
1	Received qualified dividends from Company X of $1,900.			$1,900
2	Sold 900 shares of Company Y on October 20, 2016 for $72 per share. The stock was purchased on April 10, 2011 for $50 per share.
3	Sold 660 shares of Company Z on November 25, 2016 for $45 per share. The stock was purchased on March 15, 2016 for $54 per share.
4	Sold a stamp collection on June 9, 2016 for $9,800. The stamp collect was inherited on February 5, 2004 when it was valued at $6,800. It originally cost $4,400.
5	A 25% gain (unrecaptured 1250 gain) of $5,700. (This is a long-term capital gain taxed at 25%.)			$5,700	25%
			Total

Part B. Calculate the taxable income, portion of TI 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:

Short - Term	Long Term @ 15%	Long Term @ 25%	Long Term @ 28%	Total Gains (Losses)

	2016
Taxable Income (TI)
Portion of TI that is taxed as ordinary income
Portion of TI that is taxed with LTCGs at preferential tax rates (not taxed as ordinary income)
Tax on taxable income before credits (alternative tax on taxable income)