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On May 11th Sally sold ten shares of Walmart Inc. for $82 per share. She originally purchased them on January 26, 2019 for $108 per

  1. On May 11th Sally sold ten shares of Walmart Inc. for $82 per share. She originally purchased them on January 26, 2019 for $108 per share.
  2. On June 5th Sally sold three shares of Amazon.com Inc. for $1,684 per share. She originally purchased them in October of 2014 for $322 per share.
  3. On July 10th Sally sold 15 shares of Under Armour Inc. for $21 per share. She originally purchased them in November of 2018 for $12 per share.
  4. On December 13th 2018 Sally sold 50 shares of IBM for $113 per share. She originally purchased them in September of 2014 for $191 per share.
  5. Sally received a Schedule K-1 from her investment in XYZ Partnership. The K-1 had interest income of $5,000; LTCG of $670; and an R&D tax credit for $800.

Calculate Sallys taxable income, and her tax liability for the year.

Does she have any carryforwards she needs to keep in mind for 2020?

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