Item	Date acquired	Date sold	Cost	Sales Price
Blue stock Green stock	11/10/18 10/15/18	03/12/19 11/5/19	$ 3,000 $4,000	$ 8,000 $3,500
Beige stock	12/14/13	07/14/19	$13,000	$15,500
Red stock	06/29/18	05/18/19	$26,000	$27,000
Black stock	05/15/18	10/18/19	$67,000	$67,200
Gray stock Yellow stock	04/23/16 02/14/18	10/18/19 04/16/19	$89,000 $25,000	$88,200 $30,000

The Smiths had the following purchases during 2019:

REMEMBER ONLY SALES ARE SHOWN ON THE TAX FORMS

Use the following purchase information to determine if any of the above sales trigger the wash sale rule.

Do not list any of these 3 purchases on the forms.

Green stock on 11/1/19 for $3,500.

Red stock on 5/1/19 for $2,500

Gray Stock on 12/15/19 for $5,000

If there is a wash sale, be sure to look at the Howell return example for how to show a wash sale on Form 8949.

The Smiths also have a $1,500 net long term capital loss carryover they would like to use this year.

The Smiths have heard that the standard deduction has increased for 2019 to $24,400, but they would like to check to see if they should itemize their deductions. Determine if the Smiths should itemize and if so, prepare a schedule A.

They have provided you with the following information:

1. Unreimbursed medical expenses of $780

2. State taxes: see W-2 for withholding, real estate taxes of $3,500, personal property taxes of $1,500, and they did not apply their state tax refund from the previous year to this years taxes

3. Mortgage interest (original acquisition loan amount $350,000) $6,400

4. Cash gifts to their church $11,000

How to show in form 1040, Schedule 1, Schedule A (if required), D and Form 8949