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e stock prior to the dis b. What are is s27. anec the tax implications to Jason if his basis in the stock p is

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e stock prior to the dis b. What are is s27. anec the tax implications to Jason if his basis in the stock p is $27,000? COMPREHENSIVE PROBLEMS 35. Schedule B. (Obj. 6) file a joine the year, the Neale D. (SSN 394-57-7584) and Judith L. (SSN 746-38-4457) Hamilton a. he Hamiltons have no foreign accounts or trusts. Durin prepare m 1040. T received intcrest and dividends. Using the information provided below, prea the Hamiltons' Schedale B (Form 1040A or 1040), Interest and Ordinary Dividends the Amount $ 600 50 60 90 75 160 Amounts Reported on Form 1099-INT U.S. Treasury bond Ace Manufacturing Company note AT&T debenture boned Bank of America State of Michigan municipal (tax-exempt) bond City of Meadowood municipal (tax-exempt) bond Interest Not Reported on Form 1099-INT Interest on the mortgage of Mr. and Mrs. K. J. Roe K. R. Smith, personal note Amount $732 115 Amounts Reported on Form 1099-DIV Red Corporation dividend on preferred stock USX Corporation dividend on common stock Dow Chemical Company dividend on common stock Amount $280 1,341 185

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