Question
Jorge Gomez is a single taxpayer. His SSN is 412-34-5670, and he lives at 5037 Circle Court, Crestview, IL 60543. He is a supervisor and
Jorge Gomez is a single taxpayer. His SSN is 412-34-5670, and he lives at 5037 Circle Court, Crestview, IL 60543. He is a supervisor and his W2 for 2017 shows gross wages of $94,850 with $5,881 of social security and $1,375 of Medicare taxes withheld. He has $17,147 of federal withholding and $2,595 in state withholding. Jorge does not itemize. He had the following stock transactions for the year:
Stock Shares | Date Purchased | Date Sold | Sale Price | Cost Basis | |||||||
5,500 | 7/8/16 | 9/21/17 | $ | 15,000 | $ | 18,000 | |||||
800 | 3/12/17 | 10/21/17 | 43,000 | 47,000 | |||||||
2,800 | 2/13/10 | 10/21/17 | 30,000 | 22,000 | |||||||
He also has interest from a savings account with Local Neighborhood Bank of $250 and a dividend from a Form 1099-DIV of $1,600 in ordinary dividends, of which $1,350 are considered qualified dividends.
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