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Mayra is a single taxpayer who retired in 2019 ster working for 32 years. She had the opportunity to purchase investment stocks. Mayra sold the
Mayra is a single taxpayer who retired in 2019 ster working for 32 years. She had the opportunity to purchase investment stocks. Mayra sold the following stocks in 2019.
# of Stocks | Purchase Date | Date Sold | Purchase Cost | Amount on date sold | |
General Electric | 200 | 3/14/2018 | 1/10/2019 | $3,000 | $4,135 |
IBM | 40 | 11/8/2016 | 3/28/2019 | $8,625 | $11,837 |
Apple | 150 | 9/1/2008 | 7/5/2019 | $5,285 | $3,287 |
3M | 185 | 11/20/2005 | 10/2/2019 | $6,457 | $7,295 |
PG | 250 | 6/5/2015 | 2/7/2019 | $5,000 | $9,450 |
Kraft | 385 | 2/1/2019 | 4/5/2019 | $12,000 | $8,795 |
What is the amount and nature of the net gain or net loss reportable to the IRS on Schedule D?
(You will need to calculate the gain/loss and nature of each transaction and net them once completed)
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