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Gina, age 38, is single. Gina has never married. She works full-time, and her only income is from wages. She has one dependent son, Kellen
Gina, age 38, is single. Gina has never married. She works full-time, and her only income is from wages. She has one dependent son, Kellen (11). Scenario Kellen attends middle school. Gina pays the after-school care program at the middle school to watch Kellen until she gets off work. Her childcare summary is shown below. The expenses were paid in 2022 for care provided in the same year. Gina sold a couple of stocks during 2022. Her information documents for the stock sales are also shown below. You will need to make the necessary entries required to report the childcare expenses and the stock sales in the partially filled forms given for the tax return. 2022 child care expense summary : fees charged 7100 amount paid 7100 2022 Stocks sold; Date acquired 01/01/2022 1d Proceeds; 10550 1e Cost or other basis; 9500 date acquired 01/01/2021 1d Proceeds; 1025 1e Cost or other basis; 785 What is the total amount of Gina's short-term capital gain or loss?
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