1. Gaytor consults you or the tax planning just before the year-end. You have all the year-end income information that Gaytor provided, as discussed in chapter4. In addition the capital gains (losses), he said it would be ideal to get at least additional $1,000 extra cash so he can take the family on vacation. He debates to sell the following (or any combination of these ) stocks. Provide the advice. Let's be systemic by using the table below.
   • A T&T stock he received upon the death of his grandfather. The stock cost his grandfather $6,000 forty years ago and was worth $97,000 on the date of his grandfathers death 2 months ago. The stock is now worth $180,000.
   • Boeing Stock he received as a gift from his mother 2 years ago. The stock cost her mother $9,000 five years ago and was worth $6,500 on the date of the gift. It is now worth $7,500.
   • Sears stock he bought 5 years ago for $5,000, but now worth $1,000.
   • Zoom stock he bought just 9 days ago for $5,000 before the split, now worth $6,000.

   • Fund name	Total Ordinary Dividends	Qualified Dividends	Capital Gain Distrib	Unrecap 1250 Gain	Nondividend Distrib	fed tax withheld	Exempt interest Dividends	State tax wothheld
     Peach fund	0.00	0.00	450.00			0.00

     2019 Form 1099-B

   • Proceeds from Broker and Barter Exchange Transactions

     Descript	Date Acq	Date Sold	Proceeds	Cost	Fed tax withheld	proceeds Reported to IRS	Basis Reported to IRs
     100 shs. Orange Co	02/11/2001	04/16/2019	$3000.00	2,175.00	0.00	Net	Yes
     100 shs. Banana Co	07/17/2005	07/31/2019	$2,100.00	$4,200.00	0.00	Net	Yes
     100 shs Grape Orp	12/18/2018	09/25/2019	$9,050.00	$10,500.00	0.00	Net	Yes
     5 $1000 Par Value Bonds due 4/2019	12/30/2009	01/02/2019	$5,200.00	$5,415.00	0.00	Net	Yes
     5,011.23. Peach Mutual Fund	05/30/2010	10/22/2019	$60,100.00	$56,000.00	0.00	Net	Yes

   • On January 12, 2019, Albert and Allison sold their personal residence for $715,200 and purchased a new house for $725,000. This was their personal residence before and after the divorce (they have lived in it together for three years since remarrying). The old house cost $120,000 back in January of 2007 and they added on a new bedroom and bathroom a few years ago for a cost of $20,000. They also built a pool for a cost of $60,000. They moved into the new house on January 19, 2019.

Let's be systemic in our recommendation whether to sell (and sell which) stock(s). Copy the table below and use this in your original post as a guide to providing tax advice.

DESCRIPTION	Orange, Banana, Grape, Peach & Bond (Gaytor CH4)	Personal Residence (Gaytor Ch4)	AT&T	Boeing	Sears	Zoom
1. Proceeds
2. Adjusted basis
3. Short term or Long-term/ Capital Gains
Advice: Sell or Keep (state why in write ups)