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Nancy sold stock 60 shares of Disney (DIS) stock on 11/15/2019 for $99 per share. The sale was reported to her on form 1099B; the
Nancy sold stock 60 shares of Disney (DIS) stock on 11/15/2019 for $99 per share. The sale was reported to her on form 1099B; the basis was not reported to the IRS. Nancy received the stock as a present from her grandmother on January 8, 2019. Her grandmother had paid $140 per share for the stock; it had a FMV of $135 per share when she received the stock as a gift.
How is this reported on Nancy's Federal form 1040 Schedule D for the 2019 tax year?
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