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George has the following porfolio: Reported Reported on 1099 w on 1099 basis w/out basis Y Y Y Date Purchased 11/21/1995 3/18/2001 5/22/2020 10/18/2015 9/9/2020
George has the following porfolio: Reported Reported on 1099 w on 1099 basis w/out basis Y Y Y Date Purchased 11/21/1995 3/18/2001 5/22/2020 10/18/2015 9/9/2020 1/13/1996 7/26/2020 9/18/1995 Stock A Stock A Stock A Stock E Stock Q Stocks Stock 2 Land Number of Adjusted Shares Basis 1,000 $24,000 500 9,000 750 27,000 600 12,000 680 23,800 1200 9,600 300 5,400 68,000 Y Y Y Y N N On January 1, the land sold for $120,000 On August 9, he sold 150 shares of S stock for $6 per share On October 12, he sold 1,200 of his shares of Stock A for $38 per share. On November 30, he sold all E stock for $35 per share. On Dec 31, he sold all of the Z shares in stock for $22 per share On Dec 31, he sold 350 shares of Q stock for $15 per share In the following year he had the following capital transactions: Dedcuted Net short-term capital gain (5,000) 3,000 Net long-term capital gains (9,000) Net Capital Loss (14,000) c/o (2,000) (9,000) (11,000) a) Create a schedule showing a summary of his stock sales / Gains and losses for the year. b) Prepare the Schedule D and all related schedules for Gearge. George has the following porfolio: Reported Reported on 1099 w on 1099 basis w/out basis Y Y Y Date Purchased 11/21/1995 3/18/2001 5/22/2020 10/18/2015 9/9/2020 1/13/1996 7/26/2020 9/18/1995 Stock A Stock A Stock A Stock E Stock Q Stocks Stock 2 Land Number of Adjusted Shares Basis 1,000 $24,000 500 9,000 750 27,000 600 12,000 680 23,800 1200 9,600 300 5,400 68,000 Y Y Y Y N N On January 1, the land sold for $120,000 On August 9, he sold 150 shares of S stock for $6 per share On October 12, he sold 1,200 of his shares of Stock A for $38 per share. On November 30, he sold all E stock for $35 per share. On Dec 31, he sold all of the Z shares in stock for $22 per share On Dec 31, he sold 350 shares of Q stock for $15 per share In the following year he had the following capital transactions: Dedcuted Net short-term capital gain (5,000) 3,000 Net long-term capital gains (9,000) Net Capital Loss (14,000) c/o (2,000) (9,000) (11,000) a) Create a schedule showing a summary of his stock sales / Gains and losses for the year. b) Prepare the Schedule D and all related schedules for Gearge
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