Note: This problem is for the 2018 tax year. a C. e. f. Jane Smith, age 40, is single and has no dependents. She is employed as a legal secretary by Legal Services, Inc. She owns and operates Typing Services located near the campus of Florida Atlantic University at 1986 Campus Drive, Boca Raton, FL 33434. Jane is a material participant in the business. She is a cash basis taxpayer. Jane lives at 2020 Oakcrest Road, Boca Raton, FL 33431. Jane's Social Security number is 123-45-6781. Jane indicates that she wants to designate $3 to the Presidential Election Campaign Fund. Jane had health insurance for all months of 2018. During 2018, Jane had the following income and expense Items: $100,000 salary from Legal Services, Inc. b. $20,000 gross receipts from her typing services business. $700 interest Income from Third National Bapk. d. $1,000 Christmas bonus from Legal Services, Inc. $60,000 life insurance proceeds on the death of her sister 55,000 check given to her by her wealthy aunt 9 $100 won in a bingo game. h. Expenses connected with the typing service: Office rent $7,000 Supplies 4,400 Utilities and telephone 4,680 Wages to part-time typists 5,000 Payroll taxes 500 Equipment rentals 3,000 $9,500 interest expense on a home mortgape (paid to San Jose Savings and Loan) $15,000 fair market value of silverware stolen from her home by a burglar on October 12, 2018. Jane had paid $14,000 for the silverware on July 1, 2008. She was reimbursed $10,000 by her Insurance company, k. Jane had loaned $2,100 to a friend, Joan Jensen, on June 3, 2014, Joan declared bankruptcy on August 14, 2018, and was unable to repay the loan. Assume that the loan is a bona fide debt. m. n. 0. D. 9 Legal Services, Inc., withheld Federal income tax of $15,000 and the appropriate amount of FICA tax from her wages. Allmony of $10,000 received from her former husband, Ted Smith; divorce was finalized in 2012, and no changes have been made to the divorce decree since that time. Interest income of $800 on City of Boca Raton bonds. Jane made estimated Federal tax payments of $2,000. Sales taxes from the sales tax table of $953. Property taxes on her residence of $3,200, Charitable contribution of $2,500 to her alma mater, Citrus State College. On November 1, 2018, Jane was involved in an automobile accident. At the time of the accident, Jane's automobile had an FMV of $45,000. After the accident, the automobile's Fm was $38,000. Jane acquired the car at a cost of $52,000. Jane's car was covered by Insurance, but because the policy had a $5,000 deduction clause, Jane decided not to file a claim for the damage. Required: Compute Jane Smith's 2018 Federal income tax payable (or refund due). Use Form 1040, Schedule 1, Schedule S, Schedule A Schedule Schedule D and Form 8949. S. Make realistic assumptions about any missing data. If an amount box does not require an entry or the answer is zero, enter "O", Enter all amounts as positive numbers. However, unless Instructed otherwise, use the minus sign to indicate a loss . It may be necessary to complete the tax schedules before completing Form 1040. When computing the tax liability, do not round your immediate calculations. If required round your final answers to the nearest dollar. Form 1040 Complete Jane Smith's Form 1040 for 2018. Use the minus sign to indicate a loss. Form Department of the Treasury-internal Revenue Service (99) 1040 U.S. Individual Income Tax Return 2018 OMB No. 1545-0074 IRS Use Only Filing status: Single Your first name and initial Jane Smith Last name Your social security number 123-45-6781 Your standard deduction: None I joint return, spouse's first name and initial Last name Spouse's social security number Spouse standard deduction: Someone can claim your spouse as a dependent Spouse was born Full year health care before January 2, 1954 Spouse is blind Spouse itemizes on a separate return or you were dual Yes coverage or exempt status alien (see inst.) Home address number and street). If you have a RO, Box, se instructions Apt, no Presidential Election Campaign 2020 Oakerest Road (see it. You City, town or post office, state, and ZIP code. If you have a foreign address, attach Schedule 6. 1 more than four dependents, see Boca Raton, FL 33431 Inst, and her Dependents (see instructions) (2) Social Security number (3) Relationship to you (4) Vifquaites for (see Inst.) (1) First name Last name Child tax credit Credit for other dependents Check My Work Email Instructor Save and Exit Submit Assignment for Grading Sign Here Joint return? See Instructions Keep a copy for your records Under penalties of perjury, I deciare that I have examined this retorn and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge Your signature Date Your occupation If the RS sent you an Identity Legal Secretary Protection PIN, enter it here (see Inst.) Spouse's signature. If a joint Date Spouse's occupation If the IRS sent you an identity return, both must sign Protection PIN, enter it here (see inst.) Preparer's name Preparer's signature Self-Prepared PTIN Firm's EIN Paid Preparer Use Only Firm's name Check it Jed Party Designee Self-employed Phone no Firm's address BAA For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions Form 1040 (2013) Form 1040 (2016) Page 2 1 Ja Attach Form() W 2. Also attach 4a Form(s) W-26 and 1099-R of tax was 5a withheld Jane Smith 123-45-6781 Wages, salaries, tips, etc. Attach Form() W2 1 Tax-exempt interest 20 baxable interest 2b Qualified dividends b Ordinary dividends 36 IRAS, pensions, and bTaxable amount 45 annuities Social security benefits baxable amount Toti come Addishes animaudom. Sehedinti Check My Work Voor withheld. 6 Total income. Add lines 1 through S. Add any amount from Schedule 1, line 22 6 7 8 9 10 7 Adjusted gross income. If you have no adjustments to income, enter the amount from line 6; otherwise, subtract Schedule 1, line 36, from line 6 Standard 8 Standard deduction or itemized deductions (from Schedule A) Deduction for- Single or married 9 Qualified business Income deduction (see Instructions) niling separately, 10 $12,000 Taxable income. Subtract lines 8 and 9 from line 7. If zero or less, enter-O- . Married filing 11 a Tax (see Inst) (check if any from 1 Form(s) 8814 jointly or Qualifying 2 Form 4972 30 widow(er), $24,000 b Add any amount from Schedule 2 and check here - Head of household, 12 a Child tax credit/credit for other dependents $18,000 b Add any amount from Schedule 3 and check here If you checked 13 Subtract line 12 from line 11. If zero or less, enter-O- any box under Standard 14 Other taxes. Attach Schedule 4. deduction, see 15 Total tax. Add lines 13 and 14 instructions. 16 Federal income tax withheld from Forms W-2 and 1099 11 12 13 14 15 16 17 Refundable credits: a EIC (see inst.) b Sch 8812 c Form 8863 Add any amount from Schedule 5 17 18 18 Add lines 16 and 17. These are your total payments. Refund 19 19 If line 18 is more than line 15, subtract line 15 from line 18. This is the amount you overpaid 20a Amount of line 19 you want refunded to you. If Form 8888 is attached, check here Check My Work 20a Amount of ine 19 you want refunded to you. If Form 8888 is attached, check here 20a Direct deposit? b Routing number Type: Checking Savings See Instructions d Account number 21 Amount of line 19 you want applied to your 2019 estimated tax 21 22 Amount Amount you owe. Subtract line 18 from line 15. For details on how to pay, see Instructions You Owe 23 Estimated tax penalty (see instructions) 23 Go to www.lrs.gov/Form1040 for instructions and the latest information 22 Form 1040 (2018) Complete Jane Smith's Schedule 1. Use the minus sign to indicate a loss. C SCHEDULE 1 OMB No 1545-0074 (Form 1040) Additional Income and Adjustments to Income Department of the 2018 Treasury Internal Attach to Form 1040. Attachment Revenue Service Go to www.lrs.gov/Form1040 for instructions and the latest information, Sequence No. 01 Name() shown on Form 1040 Your social security number Jane Smith 123-45-6781 Additional 1-9 Reserved 1-9 Income 10 Taxable refunds, credits, or offsets of state and local income taxes 10 11 Alimony received 11 12 Business income or loss). Attach Schedule C or C-EZ 12 13 14 15b 165 13 Capital gain or loss). Attach Schedule Dif required. If not required, check here 14 Other gains or losses). Attach Form 4797 15a Reserved 16a Reserved. 17 Rental real estate, royalties, partnerships, Scorporations, trusts, etc. Attach Schedule E. 18 Farm income or loss). Attach Schedule 19 Unemployment compensation...... 20a Reserved. 21 Other income List type and amount Gambling winnings 17 18 19 20b 21 22 22 Combine the amounts in the far right column. If you don't have any adjustments to income, enter here and include on Form 1040, line 6. Otherwise, go to line 23 Adjustments 23 Educator expenses 23 to Income 24 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 24 25 Health savings account deduction, Attach Form 25 8889 26 Moving expenses for members of the Armed Forces. Attach Form 3903 26 27 Deductible part of self-employment tax. Attach Schedule SE 27 28 Self-employed SER SIMPLE, and qualified plans 28 29 Self-employed health insurance deduction.. 29 30 Penalty on early withdrawal of savings.. 30 31a Alimony paid b Redpient's SSN 31a 32 IRA deduction 32 33 Student loan interest deduction 33 34 Reserved 34 35 Reserved 35 36 Add lines 23 through 35 BAA For Paperwork Reduction Act Notice, see your tax return instructions. 36 Schedule 1 (Form 1040) 2018 Schedules Complete Jane Smith's Schedule 5 Other Payments and Refundable Credits SCHEDULE 5 OMB No. 1545-0024 (Form 1040) Department of the 2018 Treasury Internal Attach to Form 1040. Attachment Revenue Service Go to www.irs.gov/Form 1040 for instructions and the latest information. Sequence No. Os Name() shown on Form 1040 Your social security number Jane Smith 123-45-6781 Other 65 Reserved 65 Payments 56 2018 estimated tax payments and amount apolled from 2017 returns 66 and 67a Reserved 67a Refundable b Reserved 67b Credits 68-69 Reserved 68-69 70 Net premium tax credit. Attach Form 0962 70 71 Amount paid with request for extension to file (see instructions) 71 72 Excess social security and tier 1 RRTA tax withheld 72 73 Credit for federal tax on fuels, Attach Form 4136 73 74 Credits from Form: 2439 Reserved ch 8888 do 74 75 Add the amounts in the far right column. These are your total other payments and refundable credits. Enter here and include an Fome 1040, line 17 75 BAA For Paperwork Reduction Act Notice, see your tax return instructions. Schedule 5 (Form 1040) 2018 Check My Work Schedule Complete Jane Smith's Schedule A for 2018 SCHEDULE A OMB NO. 1545-0074 Itemized Deductions (Form 1040) Go to www.lrs.gov/Schedule for instructions and the latest Information. Department of the 2018 Attach to Form 1040. Treasury Internal Attachment Caution: If you are claiming a net qualified disaster loss on Form 1684, see the instructions for Revenue Service (99) Sequence No. 02 line 16 Name(s) shown on Form 1040 Your social security number Jane Smith 123-45-6781 Medical Caution. Do not include expenses reimbursed or paid by others. and 1 Medical and dental expenses (see Instructions) 1 Dental 2 Enter amount from Form 1040, line 7 2 Expenses 3 Multiply line 2 by 7.5% (075) 4 Subtract line 3 from line 1. If line 3 more than line 1. enter -- Taxes You Paid S State and local taxes a State and local income taxes or general sales taxes. You may include either income taxes or general sales taxes on line 5, but not both If you elect to include general sales taxes instead of income taxes, Check this box. b State and local real estate taxes (se instructions) Sa 5b c State and local personal property taxes 5c d Add lines 5a through S. 5d Enter the smaller of lic 5d and $10,000 $5,000 if married filing Deck My Week 6 Other taxes. List type and amount 7 Add lines 5e and 6 7 Interest You Paid Caution: Your mortgage interest deduction may be limited (see Instructions) B Home mortgage interest and points. If you didn't use all of your home mortgage loan(s) to buy, build, or improve your home, see Instructions and check this box Home mortgage interest and points reported to you on Form 1098 Home mortgage interest not reported to you on Form 1098.11 paid to the person from whom you bought the home, see Instructions and show that person's name, Identitying no, and address 8b c Points not reported to you on Form 1098. See Instructions for special Bc d Reserved 8d Add lines a through BC. Be 9 Investment interest. Attach Form 4952 if required. See instructions 9 10 Add lines Be through 10 11 Gifts by cash or check. If you made any gift of $250 or more, ne instructions 11 Gifts to Charity If you made a gift and got a benefit for it See instructions 12 12 Other than by cash or check. If any gift of $250 or more, see Instructions. You must attach Form 3283 if over 5500 13 Carryover from prior year 13 14 Adid lines 11 throuch 14 Add lines 11 through 13 14 Casualty and Theft Losses 15 Casualty and theft loss(es) from a federally declared disaster (other than net qualified disaster losses). Attach Form 4684 and enter the amount from line 18 of that form. See instructions 16 other--from list in instructions. List type and amount 15 Other Itemized Deductions 100 UN 16 Total 17 Add the amounts in the far right column for lines 4 through 16. Itemized Also, enter this amount on Form 1040, line 8 17 18 If you elect to itemize deductions even though they are less than your standard deduction, Deductions check here BAA For Paperwork Reduction Act Notice, see the Instructions for Form 1040. Schedule A (Form 1040) 2018 Complete Jane Smith's Schedule C for 2018. Use the minus sign to indicate a loss. SCHEDULE C OMB No. 1545-0074 Profit or Loss From Business (Form 1040) (Sole Proprietorship) Department of the 2018 Treasury Intemal Go to www.irs.gov/Schedule for instructions and the latest information Attachment Revenue Service (99) Attach to Form 1040, 1040NR, or 1041; partnerships generally must file Form 1065. Sequence No. 09 Name of proprietor Social security number (SSN) Jane Smith 123-45-6781 A Principal business or profession, including product or service (see instructions) Enter code from instructions Typing Services 561410 Business name. If no separate business name, leave blank D Employer ID number (EIN) (see Instr.) Typing Services E Business address (including suite or room no.) 1986 Campus Drive City, town or post office, state, and ZIP code Boca Raton, FL 33434 F Accounting method: (1) Cash (2) Accrual (3) Other (specity) G Did you materially participate in the operation of this business during 2018? If "No see instructions for limit in Yes No losses H If you started or acquired this business during 2018, check here 1 Did you make any payments in 2018 that would require you to file Form() 1099) (see instructions). 1 Yes No 19 Yes," did you or will you fire required Forms 1099?. Yes No Part I Income 1 Gross receipts of sales. See instructions for line 1 and check the box if this income was reported to you on Form W-2 and the statutory employee box on that form was checked 1 2 Returns and allowances *** 2 3 Subtract line 2 from line 1 3 4 Cost of goods sold (from line 42) 4 5 7 10 5 Gross profit. Subtract line 4 from line 3 6 Other income, including federal and state gasoline or fuel tax credit or refund (see instructions) 7 Gross income. Add lines 5 and 6 Part II Expenses. Enter expenses for business use of your home only on line 30. & Advertising 18 Office expense (e instructions) 9 Car and truck expenses (see 19 Pension and profit sharing plans instructions) 9 20 Rent or lease see instructions) 10 Commissions and fees. 10 a Vohides, machinery, and equipment 11 Contract lobor (see Instructions) 11 b Other Business property. 12 Depletion 12 21 Repairs and maintenance 13 Depreciation and section 179 22 Supplies (not included in Part I) 19 200 20b 21 22 expense deduction (not included 23 Taxes and license 23 13 240 in Part III) (see instructions) 14 Employee benefit programs (other than on line 19) 15 Insurance (other than health) 16 Interest (see instructions): 14 24 Travel and meals a Travel b Deductible meals (see Instructions) 25 Utilities 15 24b 25 a Mortgage (paid to banks, etc.) 160 26 Wages (less employment credits) 26 b Other 16b 27a Other expenses (from line 48).... 27a 17 Legal and professional services 17 b Reserved for future use 27b PR Total expenses before expenses for business use of home Add lines through 27a 28 28 Total expenses before expenses for business use of home. Add lines 8 through 27a 28 29 Tentative profit or loss). Subtract line 28 from line 7 29 31 30 Expenses for business use of your home. Do not report these expenses elsewhere. Attach Form 8829 unless using the simplified method (see instructions). Simplified method flers only: enter the total square footage of: (a) your home: and (b) the part of your home used for business Use the Simplified Method Worksheet in the instructions to figure the amount to enter on line 30 30 31 Net profit or (loss). Subtract line 30 from line 29 If a profit, enter on both Schedule 1 (Form 1040), line 12 (or Form 1040NR, line 13) and on Schedule SE, line 2 (If you checked the box on Ine 1, see instructions). Estates and trusts, enter on Form 1041, line 3. } . If a loss, you must go to line 32 32 If you have a loss, check the box that describes your investment in this activity (nee Instructions) . if you checked 320, enter the loss on both Schedule 1 (Form 1040), line 12 (or Form 1040NR, 32a All investment is at line 13) and on Schedule SE, line 2 (If you checked the box on line 1, see the line 31 instructions), risk Estates and trusts, enter on Form 1041, line 3. 32b Some investment is If you checked 32b, you must attach Form 6198. Your loss may be limited. not at risk HAA For Paperwork Reduction Act Notice, see the separate instructions Schedule C (Form 1040) 2010 Schedule C (Form 1040) 2018 Jane Smith 123-45-6781 Page 2 Part III Cost of Goods Sold (see instructions) 33 Method(s) used to value closing inventory: a ti Cost b Lower of cost or market ca Other (attach explanation) 34 Was there any change in determining quantities, costs, or valuations between opening and closing inventory? If "Yes, attach explanation Yes No 35 Inventory at beginning of year. If different from last year's closing Inventory, attach explanation 35 37 39 36 Purchases less cost of items withdrawn for personal use 36 37 Cost of labor. Do not include any amounts paid to yourself 38 Materials and supplies 38 39 Other costs 40 Add lines 35 through 39 40 41 Inventory at end of year 41 42 Cost of goods sold. Subtract line 41 from line 40. Enter the result here and on line 4 42 Part IV Information on Your Vehicle. Complete this part only if you are claiming car or truck expenses on line 9 and are not required to file Form 4562 for this business. See the instructions for line 13 to find out if you must file Form 4562. 43 When did you place your vehicle in service for business purposes? (month, day, year) 44 or the total number of mites you drove your vehicle during 2018, enter the number of miles you used your vehicle for - Business b Commuting (see instructions) c Other 45 was your vehicle available for personal use during off-duty hours? Yes 46 Do you (or your spouse) have another vehicle available for personal use? Yes No 47a Do you have evidence to support your deduction? Yes b If "Yes," is the evidence written?... Yes No O No No Part V Other Expenses. List below business expenses not included on lines 8-25 or line 30. Utilities and telephone 48 Total other expenses. Enter here and on line 27a 48 Schedule C (Form 1040) 2018 Schedue Complete Jane Smith's Schedule D for 2018. Use the minus sign to indicate a loss. SCHEDULE D OMS No. 1545-0074 (Form 1040) Capital Gains and Losses 2018 Department of the Attach to Form 1040 or Form 1040NR. Treasury Internal Go to www.lrs.gov/Scheduled for instructions and the latest information, Attachment Revenue Service (99) Use Form 8949 to list your transactions for lines 1, 2, 3, 8, 9, and 10. Sequence No. 12 Name(s) shown on return Your social security number Jane Smith 123-45-6781 Part 1 Short-Term Capital Gains and comes - Generally Assets Held One Year or Less (see Instruction) See instructions for how to noure the amounts to enter on the (h) Gain or (9) lines below (loss) Adjustments to (e) Subtract column gain or loss from This form may be easier to complete if you round off cents to Proceeds (sales Cost (or other (e) from column Form(s) 1949, Parit whole dans (d) and combine price) basis) 1. Iine 2 column the result with olumn (o) la Totals for all short term transactions reported on Form 1099-1 for which basis was reported to the IRS and for which you have no adjustments (see Instructions), However, if you choose to report all these transactions on Form 1949, leave this line blank and go 1b Totals for all transactions reported on Form (3) 0949 with Box A checked 2 Totals for all transactions reported on Form(s) 8949 with Box B checked line 16 Intl 3 Totals for all transactions reported on Form() 8949 with Box C checked 4 6 7 4 Short-term gain from Form 6252 and short-term gain or (loss) from Forms 4684, 6781, and 8824.... 5 Net short-term gain or loss) from partnerships, corporations, estates, and trusts from Schedule(s) K-1 5 6 Short-term capital loss carryover. Enter the amount, if any, from line 8 of your Capital Loss Carryover Worksheet in the instructions .. 7 Net short-term capital gain or loss). Combine tines ia through 6 in column (h). If you have any long-term capital gains or is, go to Part It below. Otherwise, go to Part Iit on the back......... Part II Long-Term Capital Gains and Losses - Generally Assets Held More Than One Year (see instructions) See Instructions for how to figure the amounts to enter on the lines (9) below. Adjustments to (d) (e) gain or loss from This form may be easier to complete if you round off cents to whole proceeds (sales Cost (or other Form(s) 8949, dollars price) basis) Part II line 2 column (9) (h) Gain or (loss) Subtract column (e) from column (d) and combine the result with column (9) Sa Totals for all long-term transactions reported on Form 1099.B for which basis was reported to the IRS and for which you have no adjustments (see instructions). However, if you choose to report all these transactions on Form 8949, leave this line blank and go to line 8 Bb Totals for all transactions reported on Form(s) 8949 with Box D checked 9 Totals for all transactions reported on Form(s) 8949 with Box E checked... 10 Totals for all transactions reported on Form(s) 8949 with Box F checked Chin from Com.4707 winner from Fem 30 and can lontom inceflore from 11 Gain from Form 4797, Part 1; long-term gain from Forms 2439 and 6252; and long-term gain or loss) from Forms 4684, 6781, and 8824. 11 12 Net long-term gain or loss) from partnerships, corporations, estates, and trusts from Schedule(s) K-1 12 13 Capital gain distributions. See the instructions 13 14 Long-term capital loss carryover. Enter the amount, if any, from line 13 of your Capital Loss Carryover Worksheet in the instructions 14 15 Net long-term capital gain or (loss). Combine lines Ba through 14 in column (h). Then go to Part III on the back. 15 BAA For Paperwork Reduction Act Notice, see your tax return instructions. Schedule D (Form 1040) 2018 Page 2 16 Schedule (Form 1040) 2018 Jane Smith 123-45-6781 Part III Summary 16 combine lines 7 and 15 and enter the result If line 16 is a gain, enter the amount from line 16 on Schedule 1 (Form 1040), line 13, or Form 1040NR, Nine 14. Then go to line 17 below. . I line 16 is a loss, skip lines 17 through 20 below. Then go to line 21. Also be sure to complete line 22. If line 16 is zero, skip lines 17 through 21 below and enter-O-on Schedule 1 (Form 1040), line 13, or Form 1040NR, line 14. Then go to line 22 17 Are lines 15 and 16 both gains? Yes. Go to line 18. No. Skip liner 18 through 21, and go to line 22. 18 if you are required to complete the 28% Rate Gain Worksheet (see instructions), enter the amount of any, from line 7 of that worksheet 18 Check 19 If you are required to complete the Unrecaptured Section 1250 Gain Worksheet (see instructions), enter the amount, if any, from line 18 of that worksheet 19 20 Arelines 18 and 19 both zero or blank? Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040, line 11a (or in the instructions for Form 1040NR, line 42). Don't complete lines 21 and 22 below. No. Complete the schedule D Tax Worksheet in the instructions. Don't complete ines 21 and 22 below. 21 ir line 16 is a lows, enter here and on Schedule : (Form 1040), Ine 13, or Form 1040NR line 14, the smaller of 21 The loss on line 16; or ($3,000), or if married filling separately. ($1.500) } Note: When figuring which amount is smaller treat both amounts as positive numbers 22 Do you have qualified dividends on Form 1040, line 3, de form 1040, line 10? Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040, line 11a (or in the instructions for Form 1040NR line 42). No. Complete the rest of Form 1040 or Form 1040NR. Schedule D (Form 1040) 2016 Form 8349 Complete Jane Smith's Form 1949 (page 17 or 2018. Use the minus sign to indicate a loss, Form 8949 Sales and Other Dispositions of Capital Assets OMB No 1545-0074 Department of the Go to www.irs.gov/Form8949 for instructions and the latest information. 2018 Treasury Internal File with your schedule D to list your transactions for lines 1b, 2, 3, 8b, 9, and 10 of Attachment Revenue Service Schedule D. Sequence No. 12A Name() shown on return SSN or taxpayer identification number Jane Smith 123.45-6781 Before you check Box A, B, or below, see whether you received any Form(s) 1099.8 or substitute statements) from your broker. A substitute statement will have the same information as Form 1039. Either will show whether your bus (usually your cost) was reported 20 the IRS by your broker and may even tell you which box to check Part 1 Short-Term. Transactions involving capital assets you hold 1 yew or less are generally short-term restructions). For long term transactions, see page 2 Note: You may aggregate all short-term transactions reported on Form(s) 1099-8 showing basis was reported to the IRS and for which no adjustments or codes are required. Enter the totals directly on Schedule D line la, you aren't required to report these transactions on Form 949 (see instructions). You must check Box A, B, or below. Check only one box. If more than one box apples for your short-term transactions, complete a separate Form 8949, page 1, for each applicable box. If you have more short-term transactions than will it on this page for one or more of the boxes, complete as many forms with the same box checked as you need (A) Short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above) (8) Short-term transactions reported on Form(s) 1099-B showing basis wasn't reported to the IRS (C) Short-term transactions not reported to you on Form 1099-6 Adjustment, if any, to gain or loss. If you enter (h) an amount in column (o). Gain or loss). 24 erter a code in column 1 (A) Description of property (Example 100 sh.XYZ Co.) (b) Date acquired (Mo, cay, y) (c) Dabe sold or disposed of (Mox day, y) Adjustment, if any, to gain or loss. If you enter (h) (e) an amount in column(a). Gain or loss). (d) Cost or other enter a code in column (o. Subtract column Proceeds basis. See the See the separate (e) from column sales price) Note below and instructions. (d) and combine (see see Column() (0) (9) the result with instructions in the separate Codes) from Amount of column (0) Instructions instructions adjustment Non-Business ad Debt 2 Totals. Add the amounts in columns (d), (e), (g), and (n) (subtract negative amounts). Enter each total here and include on your schedule D line 1b (if Box A above is checked), line 2 (ir Box B above is checked), or line 3 Box Cabove is checked) Noter if you checked Box A above but the basis reported to the IRS was incorrect, enter in column (c) the basis as reported to the IRS, and enter an adjustment in column (a) to correct the basis. See Column() in the separate instructions for how to figure the amount of the adjustment BAA For Paperwork Reduction Act Notice, see your tax return instructions. Form 8949 (2018)