How would you report each of these 3 events into a tax return? Please explain where they would be entered and what the numbers would be.

• To fund the Amoths vacation this year they have chosen to sell several gifts that they have received through the years. The first of these was 100 shares of Dupont stock they had received as a gift in January 2005. Uncle Billy had a basis in the stock of $70,000. At the time of the gift the FMV of the stock was $100,000. Eric sells the stock for $100,000 on 11/1/20.
• Eric also sold for $90,000 on 6/1/2020 the 100 shares of Apple stock that Uncle Billy gave him in 2017. The FMV at the time of the gift was $100,000 and Uncle Billys basis was $120,000.
• The last stock was 50 shares of Dollar Tree. Eric decided to sell it on 7/27/20 for $115,000 Uncle Billy gave him for Christmas 2016. Ironically, Uncle Billys basis in these shares was $120,000 and FMV at the time of the gift was $100,000.