Hello

In my accounting 4040 class we need to file a tax return on using Intuit ProConnect, and I am having a hard time finding what to put on Form 8949.

Also which of these should be recorded? I know the microsoft is a wash sale, so I will not put it on the form right?

here are the instructions for the tax return:

Tax Return Problem Part 3 Investments (30 points)

Instructions: The tax return project you will have for this semester will build upon itself. This is a continuation of the project and is part three of the project. Please complete the 2018 federal income tax return for Joseph and Diana Cohen using Intuit ProConnect online. If required information is missing, use reasonable assumptions to fill in the gaps.

The Cohens also received the following during the year:

Interest income from First Bank of New Jersey $ 620

Interest income from Patterson, New Jersey School District $ 680

Interest income from U.S. Treasury Bond $ 350

Interest income from General Mills corporate bond $ 200

Interest income from the State of Maine Bond $12,000

Qualified dividend income from Rio Tinto $11,500

Qualified dividend income from Microsoft $ 1,750

Qualified dividend income from Cooper Tire $ 250

Qualified dividend income from Cardinal Health $ 425

Qualified dividend income from Union Pacific $ 1,400

Qualified dividend income from Procter & Gamble $ 390

Qualified dividend income from PepsiCo $ 225

Qualified dividend income from Kellogg $ 120

Qualified dividend income from Abbott Labs $ 275

Qualified dividend income from 3M $ 350

Dividend income (not qualified) from China Fund $ 2,000

The Cohens did not own, control or manage any foreign bank accounts, nor were they grantors or beneficiaries of a foreign trust during the tax year.

The Cohens had the following activity in their brokerage account during the year (all transactions were reported on a Form 1099-B and basis information for each stock sale was reported to the IRS):

Sold 2,000 shares of Microsoft 7/1/18 $19,500

Sold 75 shares of Apple, Inc. 4/15/18lo $28,750

Sold 350 shares of Cooper Tire 10/14/18 $14,700

Sold 1,000 shares of Cardinal Health 9/3/18 $35,000

Sold 50 shares of Union Pacific 1/7/18 $ 2,750

Purchased 100 shares of Procter & Gamble 7/10/18 $ 7,700

Purchased 350 shares of Cooper Tire 11/1/18 $14,000

Purchased 350 shares of PepsiCo 5/14/18 $32,000

Purchased 300 shares of Kellogg 10/14/18 $21,000

Relevant tax basis/holding period information related to sales of securities in the current year:

Purchased 2,000 shares of Microsoft on 5/1/18 for $21,000

Purchased 200 shares of Apple, Inc. on 3/8/16 for $90,000

Purchased 300 shares of Cooper Tire on 1/12/15 for $9,000

Purchased 50 shares of Cooper Tire on 6/28/18 for $2,000

Received 1,000 shares of Cardinal Health from Dianas father as a gift on 10/10/02. Her fathers basis in the stock at the time of the gift was $7,000. Fair market value of the stock at the date of the gift was $41,000

Purchased 3000 shares of Microsoft on 7/15/18 for $30,450

Purchased 100 shares of Union Pacific on 9/5/17 for $6,000

Assignment: Prepare pages one, two, Schedule 1, Schedule A, Schedule B, Schedule D, Form 8949, and any other forms or schedule needed to properly report the Cohens income and deductions on their 2018 Form 1040.