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Given the following information for Michael Cole for the tax year 2017, required: complete Form 8949, Schedule D (Part I and Part II only), and

Given the following information for Michael Cole for the tax year 2017, required: complete Form 8949, Schedule D (Part I and Part II only), and Form 1040.

1. Michael Cole (123-45-6789) lives at 123 Main Street, Towson, MD 21252. Michael, a single taxpayer, age 68, provided 100% of his cousins support. The cousin (First name: Michaels cousin, Last name: Cole, SSN: 222-33-4444) lives in Arizona. In addition, he provided 80% of his fathers support. His father (First name: Michaels father, Last name: Cole, SSN: 111-22-3333) lives alone in Delaware. Both his cousin and his father had gross income of $4,000 during the year. Michael is an accountant. Other relevant information includes: Salary $80,000, Interest income from his savings account 300, Total itemized deductions (from Schedule A) 8,000, Total tax withholding 15,000

2. Michael received two Form 1099-B from his broker (shown on the next page) for sales of stocks during 2017.

3. On February 14, 2017, he purchases stock options for $850. He doesnt exercise the option, and the options lapses on October 1, 2017.

4. On November 15, 2017, he sells a personal-use car for $2,000. He purchased the car for $12,000 on February 3, 2008.

5. On March 15, 2017, he sells for $5,600 an antique ring, a gift from his grandmother on January 10, 1988, when its FMV was $1,600. The ring was purchased by his grandmother on April 2, 1979, for $1,800.

6. On November 3, 2017, he sells a land for $310,000. He purchases the land on March 2, 2015, for $300,000.

7. He has a STCL carryover of $250 from last year.

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CORRECTED (if checked) PAYERS name, street address, city or town, state or province, country. ZP or foreign postal code, and telephone no. Applicable check box on Form 8949 OMB No. 1545-071 Proceeds From Broker and 2017 Barter Eochange Form 1099-B Transactions ABC Banlk 1253 Park Avenue, New York, 10017 1a Description of property (Example 100 sh. XYZ Co.) 100 shares, York Corporation 2/16/2017 3,100 b Date acquired c Date sold or disposed 8/16/2017 e Cost or other basis Copy B For Recipient PAYER S federal kdentification number RECIPIENT'S identfication number d Proceeds 1,600 56-1020304 123-45-6789 f Accrued market discount1g Wash sale loss disallowed 2 Short-term gain or loss 3 It checked, basis reported to IRS Michael Cole Long-term gain or Ordinary This is important tax information and is being furnished to Internal Revenue 7 It checked, loss is not allowed Service. If you are required to file a return, a negligence Street address (including apt. no.) 4 Federal income tax withheld If checked, 123 Main Street based on ount in 1d City or town, state or province, country, and ZIP or foreign postal code Gross proceeds Net proceeds 2017 on closed contracts Towson, MD 20052 penalty or other open contracts-1231.2016! . sanction may be 8 Profit or (less realized in9 Unrealized profit or (oss) on Account number (see instructions) on you if and the IRS determines that it has not been taxable CUSIP number FATCA 10 Unrealzed proft or (loss) on 11 Aggregate profit or (los8) open contracts-12/31/2017 on contracts contracts olt or l 14 State name 15 State identification no 16 State tax wthhald reported MD 20304S 12 Check proceeds from13 Bartering Form 1099-B (Keep for your records) www.irs.gow/torm 10996Department of the Treasury-Internal Revenue Service CORRECTED (if checked) PAYERS name, street address, city or town, state or province, country. ZP or foreign postal code, and telephone no. Applicable check box on Form 8949 OMB No. 1545-071 Proceeds From Broker and 2017 Barter Eochange Form 1099-B Transactions ABC Banlk 1253 Park Avenue, New York, 10017 1a Description of property (Example 100 sh. XYZ Co.) 100 shares, York Corporation 2/16/2017 3,100 b Date acquired c Date sold or disposed 8/16/2017 e Cost or other basis Copy B For Recipient PAYER S federal kdentification number RECIPIENT'S identfication number d Proceeds 1,600 56-1020304 123-45-6789 f Accrued market discount1g Wash sale loss disallowed 2 Short-term gain or loss 3 It checked, basis reported to IRS Michael Cole Long-term gain or Ordinary This is important tax information and is being furnished to Internal Revenue 7 It checked, loss is not allowed Service. If you are required to file a return, a negligence Street address (including apt. no.) 4 Federal income tax withheld If checked, 123 Main Street based on ount in 1d City or town, state or province, country, and ZIP or foreign postal code Gross proceeds Net proceeds 2017 on closed contracts Towson, MD 20052 penalty or other open contracts-1231.2016! . sanction may be 8 Profit or (less realized in9 Unrealized profit or (oss) on Account number (see instructions) on you if and the IRS determines that it has not been taxable CUSIP number FATCA 10 Unrealzed proft or (loss) on 11 Aggregate profit or (los8) open contracts-12/31/2017 on contracts contracts olt or l 14 State name 15 State identification no 16 State tax wthhald reported MD 20304S 12 Check proceeds from13 Bartering Form 1099-B (Keep for your records) www.irs.gow/torm 10996Department of the Treasury-Internal Revenue Service

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