I've been working on this tax problem for 2 days, I need help making sure my answers are correct 0MB N 1545 oo74 Fm 8949 Sales and Other Dispositions of Capital Assets D Go to www irs govlForm8949 for Instructions and the latest Information 2 1 9 mt '9' II M the TVSBSUW Attachment Internal Revenue Service I File with your Schedule D to list your transactions for lines 1 ), 2, 3, 3b, 9, and 10 ot Schedule D Sequence No 1 2A Name(s) shown on return Social security number or taxpayer identication number Before you check Box A, B, or C below, see whether you received any Form(s) 1099 8 or substitute statement(s) from your broker A substitute statement will have the same information as Form 1099 3 Either will show whether your basis (usually your cost) was reported to the lRS by your broker and may even tell you which box to check IEII Short Term Transactions involving capital assets you held 1 year or less are generally short term (see instructions) For long term transactions see page 2 Note You may aggregate all short term transactions reported on Form(s) 1099 3 showing basis was reported to the IRS and for which no adjustments or codes are required Enter the totals directly on Schedule D, line 1a you aren't required to report these transactions on Form 8949 (see instructions) You must check Box A, B or C below Check only one box If more than one box applies for your short term transactions, complete a separate Form 8949, page 1, for each applicable box If you have more short ten'n transactions than will t on this page for one or more of the boxes, complete as many fame with the same box checked as you need I (A) Short term transactions reported on Form(s) 1099 3 showing basis was reported to the IRS (see Note above) D (B) Short term transactions reported on Form(s) 1099 3 showing basis wasn't reported to the IRS El (0) Short term transactions not reported to you on Form 1099 3 Adjust hem, itany, to gin or loss 1 l8) Ifyou enter an amount in column (9) N (a) (hi to) Id) Cost or other basis 59 31 9 901 1 Foams Gain or loss Date sold or Proceeds See the Note below 9 Pa 15 u '19 Subtract column (a) (EEaarchtroryghprgzgo) 3 auirerc disposed of sales price) and see Column (9) from column cl and p ' ' ' y y ' Mo , clay, yr ) (see instructions in the separate m (9 combine the result instructions OWNS) from Amount of with column (9) instmctions adjustment 2 Totals Add the amounts in columns (d), (e), (g), and (h) (subtract negative amounts) Enter each total here and include on your Schedule DI line 1b (if Box A above is checked)I line 2 (if Box B above is checked)I or line 3 (if Box G above is checked) P Note If you checked Box A above but the basis reported to the IRS was incorrect, enter in column to) the basis as reported to the IRS, and enter an adjustment in column 9) to correct the basis See Column (9) in the separate instructions for how to gure the amount of the adjustment For Papennrork Reduction Act Notice, see your tax return Instructions Cat No 377682 Form 8949 (2019) Form 8949 (2019) Attachment Sequence No 12A Page 2 Name(s) shown on return Name and SSN or taxpayer identification no not required if shown on other side Social security number or taxpayer identification number Before you check Box D, E, or F below, see whether you received any Form(s) 1099 B or substitute statement(s) from your broker A substitute statement will have the same information as Form 1099 B Either will show whether your basis (usually your cost) was reported to the IRS by your broker and may even tell you which box to check Part II Long Term Transactions involving capital assets you held more than 1 year are generally long term (see instructions) For short term transactions, see page 1 Note You may aggregate all long term transactions reported on Form(s) 1099 B showing basis was reported to the IRS and for which no adjustments or codes are required Enter the totals directly on Schedule D, line 8a you aren't required to report these transactions on Form 8949 (see instructions) You must check Box D, E, or F below Check only one box If more than one box applies for your long term transactions, complete a separate Form 8949, page 2, for each applicable box If you have more long term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need (D) Long term transactions reported on Form(s) 1099 B showing basis was reported to the IRS (see Note above) (E) Long term transactions reported on Form(s) 1099 B showing basis wasn't reported to the IRS (F) Long term transactions not reported to you on Form 1099 B Adjustment, if any, to gain or loss (e) If you enter an amount in column (9) (h) (c) (d) Cost or other basis enter a code in column (f) (a) (b) Gain or (loss) Description of property Date acquired Date sold or Proceeds See the Note below See the separate instructions Subtract column (e) Example 100 sh XYZ Co ) (Mo , day, yr ) disposed of (sales price) and see Column (e from column (d) and (Mo , day, yr ) (see instructions) in the separate (f) (9) combine the result instructions Code(s) from Amount of with column (9) instructions adjustment 2 Totals Add the amounts in columns (d), (e), (9), and (h) (subtract negative amounts) Enter each total here and include on your Schedule D, line 8b (if Box D above is checked), line 9 (if Box E above is checked), or line 10 (if Box F above is checked) Note If you checked Box D above but the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter an adjustment in column (9) to correct the basis See Column (9) in the separate instructions for how to figure the amount of the adjustment Form 8949 (2019)COMPREHENSIVE PROBLEM Dan M and Cheryl A Peters are married, file a joint return, and have no children Dan, age 45, is an independent contractor working in pharmaceutical sales and Cheryl, age 42, is a nurse at a local hospital Dan's SSN is 400 20 0000 and Cheryl's SSN is 200 40 0000 and they reside at 2033 Palmetto Drive, Atlanta, GA 30304 Dan is paid according to commissions from sales, and he has no income tax or payroll tax withholdings Dan oper ates his business from his home office During 2019, Dan earned total commissions in his business of $125,000 Cheryl earned a salary during 2019 of $45,400, with the following withholdings $6,000 federal taxes, $1,800 state taxes, $2,815 OASDI (Social Security), and $658 Medicare taxes During 2019, Dan and Cheryl had interest income from corporate bonds and bank ac counts of $1,450 and qualified dividends from stocks of $5,950 Dan also actively trades stocks and had the following results for 2019 LTCG $4,900 LTCL (3,200) STCG STCL (7,800) He had no capital loss carryovers from previous years Basis for the stocks were re ported to the IRS by the brokerage firm Dan does a considerable amount of travel in connection with his business and uses his own car During 2019, Dan drove his car a total of 38,000 miles, of which 32,000 were business related He also had business related parking fees and tolls during the year of $280 Dan uses the mileage method for deducting auto expenses Dan also had the follow ing travel expenses while away from home during the year Hotel $4,200 Meals 820 Entertainment of customers 1,080 Tips 100 Laundry and cleaning 150 Total $6,350 Dan uses the simplified method to deduct expenses for his office in home His office measures 15 feet by 12 feet in size Cheryl incurred several expenses in connection with her nursing job She paid $450 in professional dues, $200 in professional journals, and $350 for uniforms Dan and Cheryl had the following other expenditures during the year Health insurance premiums (after tax) $ 4,400 Health insurance premiums (after tax) $ 4,400 Doctor bills 470 Real estate taxes on home 6,800 Personal property taxes 1,400 Mortgage interest all deductible 7,400 Charitable contributions cash 9,000 Charitable contributions Apple stock owned for 5 years FMV $8,000 Adjusted basis 2,000 Tax preparation fees ($250 allocated to Dan's business) 750 Paid by Dan in connection with his business

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I've been working on this tax problem for 2 days, I need help making sure my answers are correct          0MB N   1545 oo74 Fm 8949 Sales and Other Dispositions of Capital Assets D Go to www irs govlForm8949 for Instructions and the latest Information  2 1 9 mt   '9' II M the TVSBSUW Attachment Internal Revenue Service I File with your Schedule D to list your transactions for lines 1 ), 2, 3, 3b, 9, and 10 ot Schedule D  Sequence No  1 2A Name(s) shown on return Social security number or taxpayer identication number Before you check Box A, B, or C below, see whether you received any Form(s) 1099 8 or substitute statement(s) from your broker  A substitute statement will have the same information as Form 1099 3  Either will show whether your basis (usually your cost) was reported to the lRS by your broker and may even tell you which box to check  IEII Short Term  Transactions involving capital assets you held 1 year or less are generally short term (see instructions)  For long term transactions  see page 2  Note  You may aggregate all short term transactions reported on Form(s) 1099 3 showing basis was reported to the IRS and for which no adjustments or codes are required  Enter the totals directly on Schedule D, line 1a  you aren't required to report these transactions on Form 8949 (see instructions)  You must check Box A, B  or C below  Check only one box  If more than one box applies for your short term transactions, complete a separate Form 8949, page 1, for each applicable box  If you have more short ten'n transactions than will t on this page for one or more of the boxes, complete as many fame with the same box checked as you need   I (A) Short term transactions reported on Form(s) 1099 3 showing basis was reported to the IRS (see Note above) D (B) Short term transactions reported on Form(s) 1099 3 showing basis wasn't reported to the IRS El (0) Short term transactions not reported to you on Form 1099 3 Adjust hem, itany, to gin or loss  1 l8) Ifyou enter an amount in column (9)  N (a) (hi to) Id) Cost or other basis  59 31    9 901 1  Foams   Gain or  loss         Date sold or Proceeds See the Note below 9   Pa   15 u   '19  Subtract column (a) (EEaarchtroryghprgzgo) 3   auirerc  disposed of  sales price) and see Column (9) from column  cl  and p ' ' '   y  y '  Mo , clay, yr ) (see instructions  in the separate m (9  combine the result instructions OWNS) from Amount of with column (9) instmctions adjustment 2 Totals  Add the amounts in columns (d), (e), (g), and (h) (subtract negative amounts)  Enter each total here and include on your Schedule DI line 1b (if Box A above is checked)I line 2 (if Box B above is checked)I or line 3 (if Box G above is checked) P Note  If you checked Box A above but the basis reported to the IRS was incorrect, enter in column to) the basis as reported to the IRS, and enter an adjustment in column  9) to correct the basis  See Column (9) in the separate instructions for how to gure the amount of the adjustment  For Papennrork Reduction Act Notice, see your tax return Instructions  Cat  No  377682 Form 8949 (2019) Form 8949 (2019) Attachment Sequence No  12A Page 2 Name(s) shown on return  Name and SSN or taxpayer identification no  not required if shown on other side Social security number or taxpayer identification number Before you check Box D, E, or F below, see whether you received any Form(s) 1099 B or substitute statement(s) from your broker  A substitute statement will have the same information as Form 1099 B  Either will show whether your basis (usually your cost) was reported to the IRS by your broker and may even tell you which box to check  Part II Long Term  Transactions involving capital assets you held more than 1 year are generally long term (see instructions)  For short term transactions, see page 1  Note  You may aggregate all long term transactions reported on Form(s) 1099 B showing basis was reported to the IRS and for which no adjustments or codes are required  Enter the totals directly on Schedule D, line 8a  you aren't required to report these transactions on Form 8949 (see instructions)  You must check Box D, E, or F below  Check only one box  If more than one box applies for your long term transactions, complete a separate Form 8949, page 2, for each applicable box  If you have more long term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need (D) Long term transactions reported on Form(s) 1099 B showing basis was reported to the IRS (see Note above) (E) Long term transactions reported on Form(s) 1099 B showing basis wasn't reported to the IRS (F) Long term transactions not reported to you on Form 1099 B Adjustment, if any, to gain or loss  (e) If you enter an amount in column (9) (h) (c) (d) Cost or other basis  enter a code in column (f)  (a) (b) Gain or (loss)  Description of property Date acquired Date sold or Proceeds See the Note below See the separate instructions  Subtract column (e) Example  100 sh  XYZ Co ) (Mo , day, yr ) disposed of (sales price) and see Column (e from column (d) and (Mo , day, yr ) (see instructions) in the separate (f) (9) combine the result instructions Code(s) from Amount of with column (9) instructions adjustment 2 Totals  Add the amounts in columns (d), (e), (9), and (h) (subtract negative amounts)  Enter each total here and include on your Schedule D, line 8b (if Box D above is checked), line 9 (if Box E above is checked), or line 10 (if Box F above is checked) Note  If you checked Box D above but the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter an adjustment in column (9) to correct the basis  See Column (9) in the separate instructions for how to figure the amount of the adjustment  Form 8949 (2019)COMPREHENSIVE PROBLEM Dan M  and Cheryl A  Peters are married, file a joint return, and have no children  Dan, age 45, is an independent contractor working in pharmaceutical sales and Cheryl, age 42, is a nurse at a local hospital  Dan's SSN is 400 20 0000 and Cheryl's SSN is 200 40 0000 and they reside at 2033 Palmetto Drive, Atlanta, GA 30304  Dan is paid according to commissions from sales, and he has no income tax or payroll tax withholdings  Dan oper  ates his business from his home office  During 2019, Dan earned total commissions in his business of $125,000  Cheryl earned a salary during 2019 of $45,400, with the following withholdings  $6,000 federal taxes, $1,800 state taxes, $2,815 OASDI (Social Security), and $658 Medicare taxes  During 2019, Dan and Cheryl had interest income from corporate bonds and bank ac  counts of $1,450 and qualified dividends from stocks of $5,950  Dan also actively trades stocks and had the following results for 2019  LTCG $4,900 LTCL (3,200) STCG STCL (7,800) He had no capital loss carryovers from previous years  Basis for the stocks were re  ported to the IRS by the brokerage firm  Dan does a considerable amount of travel in connection with his business and uses his own car  During 2019, Dan drove his car a total of 38,000 miles, of which 32,000 were business related  He also had business related parking fees and tolls during the year of $280  Dan uses the mileage method for deducting auto expenses  Dan also had the follow  ing travel expenses while away from home during the year  Hotel $4,200 Meals 820 Entertainment of customers 1,080 Tips 100 Laundry and cleaning 150 Total $6,350 Dan uses the simplified method to deduct expenses for his office in home  His office measures 15 feet by 12 feet in size  Cheryl incurred several expenses in connection with her nursing job  She paid $450 in professional dues, $200 in professional journals, and $350 for uniforms  Dan and Cheryl had the following other expenditures during the year  Health insurance premiums (after tax) $ 4,400 Health insurance premiums (after tax) $ 4,400 Doctor bills 470 Real estate taxes on home 6,800 Personal property taxes 1,400 Mortgage interest all deductible 7,400 Charitable contributions cash 9,000 Charitable contributions Apple stock owned for 5 years  FMV $8,000 Adjusted basis 2,000 Tax preparation fees ($250 allocated to Dan's business) 750   Paid by Dan in connection with his business

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