Question
Given the following information for Jane Cole for the tax year 2015, (1) complete Form 8949 and Schedule D (Part I and Part II only),
Given the following information for Jane Cole for the tax year 2015, (1) complete Form 8949 and Schedule D (Part I and Part II only), and (2) calculate the tax on the property transactions (attached a separate worksheet to show the calculation).
1. On February 14, 2015, she purchases stock options for $850. She doesnt exercise the option, and the options lapses on October 1, 2015.
2. On November 15, 2015, she sells a personal-use car for $2,000. She purchased the car for $12,000 on February 3, 2008.
3. On August 16, 2015, she sells for $3,100 her stock of York Corporation purchased as an investment on February 16, 2015, for $1,600.
4. On March 15, 2015, she sells for $5,600 an antique ring, a gift from her grandmother on January 10, 1988, when its FMV was $1,600.
The ring was purchased by her grandmother on April 2, 1979, for $1,800. 5. She has a STCL carryover of $250 from last year.
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