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Please help me fill out the schedule D using this information. Ashley has an extensive stock portfolio and has prepared the following analysis: Note: Ashley
Please help me fill out the schedule D using this information.
Ashley has an extensive stock portfolio and has prepared the following analysis: Note: Ashley received a Form 1099-B from her stockbroker that included the adjusted basis and sales proceeds for each of her stock transactions. The pershare cost includes commissions, and the per-share selling price is net of commissions. Also, the dividends are the actual dividends received in 2021 , and these are both ordinary dividends and qualified dividends. Part II Long-Term Capital Gains and Losses-Generally Assets Held More Than One Year (see instructions) instructions for how to figure the imounts to enter on the below. form may be easier to cormplete if you round ofl cente to Totals for all long-term Brassactions reported on Fort 1099-B for which basis was reported to the ins and for which you have no adjustments isee instructors? However, if you choose to report all these transactions on Form 8949 . leave this line blank and go to line 8b. Totals for all transections reported on Formtsi 8949 with Box D checked Totals for all transactions reported on Form(s) 8942 with Box E checked Totale for all trantactions reportod on Form(3) 8949 with Box F chocked. Gain from Form 4797. Part 1, long-term gain from Forms 2439 and 6ese; and long-term gain or (loss) from Foems 4684,6781 , and 8824 . Net long-term gain or foss) trom partnerships, S corporations, estates, and trusts from Schedule(si K-1 Capital gain distrbutions. Soe the instructions Long-tem capital loss carryover. Enter the amount, if any, from line 13 of your Capital Loss Carryover Worksheet in the instructions Net long-term capital gain or (loss). Combine lines Ba through 14 in column (hi . Then, go to Part III on the back. ................................. 15 Paperwoek Aeduction Act Notice, see your tax roturn intructions. Cat No 113ar Schedule D Form 1040 16 Combine lines 7 and 15 and enter the result - If line 16 is a gain, enter the amount from line 16 on Form 1040, 1040-SR, or 1040-NR, line 7. Then, go to line 17 below. - If 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 -0 - on Form 1040, 1040-SR, or 1040-NR, line 7. Then, go to line 22. 17 Are lines 15 and 16 both gains? Yes. Go to line 18. \$/No. Skip lines 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, if any, from line 7 of that worksheet 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 20 Are lines 18 and 19 both zero or blank and you are not filing Form 4952? Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040, line 16. Don't complete lines 21 and 22 below. No. Complete the Schedule D Tax Worksheet in the instructions. Don't complete lines 21 and 22 below. If line 16 is a loss, enter here and on Form 1040, 1040-SR, or 1040-NR, line 7, the smaller of: - The loss on line 16; or - ($3,000), or if married filing separately, ($1,500) Note: When figuring which amount is smaller, treat both amounts as positive numbers. 2. Do you have qualified dividends on Form 1040, 1040-SR, or 1040-NR, line 3a? Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040, line 16. No. Complete the rest of Form 1040, 1040-SR, or 1040-NR. Ashley has an extensive stock portfolio and has prepared the following analysis: Note: Ashley received a Form 1099-B from her stockbroker that included the adjusted basis and sales proceeds for each of her stock transactions. The pershare cost includes commissions, and the per-share selling price is net of commissions. Also, the dividends are the actual dividends received in 2021 , and these are both ordinary dividends and qualified dividends. Part II Long-Term Capital Gains and Losses-Generally Assets Held More Than One Year (see instructions) instructions for how to figure the imounts to enter on the below. form may be easier to cormplete if you round ofl cente to Totals for all long-term Brassactions reported on Fort 1099-B for which basis was reported to the ins and for which you have no adjustments isee instructors? However, if you choose to report all these transactions on Form 8949 . leave this line blank and go to line 8b. Totals for all transections reported on Formtsi 8949 with Box D checked Totals for all transactions reported on Form(s) 8942 with Box E checked Totale for all trantactions reportod on Form(3) 8949 with Box F chocked. Gain from Form 4797. Part 1, long-term gain from Forms 2439 and 6ese; and long-term gain or (loss) from Foems 4684,6781 , and 8824 . Net long-term gain or foss) trom partnerships, S corporations, estates, and trusts from Schedule(si K-1 Capital gain distrbutions. Soe the instructions Long-tem capital loss carryover. Enter the amount, if any, from line 13 of your Capital Loss Carryover Worksheet in the instructions Net long-term capital gain or (loss). Combine lines Ba through 14 in column (hi . Then, go to Part III on the back. ................................. 15 Paperwoek Aeduction Act Notice, see your tax roturn intructions. Cat No 113ar Schedule D Form 1040 16 Combine lines 7 and 15 and enter the result - If line 16 is a gain, enter the amount from line 16 on Form 1040, 1040-SR, or 1040-NR, line 7. Then, go to line 17 below. - If 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 -0 - on Form 1040, 1040-SR, or 1040-NR, line 7. Then, go to line 22. 17 Are lines 15 and 16 both gains? Yes. Go to line 18. \$/No. Skip lines 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, if any, from line 7 of that worksheet 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 20 Are lines 18 and 19 both zero or blank and you are not filing Form 4952? Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040, line 16. Don't complete lines 21 and 22 below. No. Complete the Schedule D Tax Worksheet in the instructions. Don't complete lines 21 and 22 below. If line 16 is a loss, enter here and on Form 1040, 1040-SR, or 1040-NR, line 7, the smaller of: - The loss on line 16; or - ($3,000), or if married filing separately, ($1,500) Note: When figuring which amount is smaller, treat both amounts as positive numbers. 2. Do you have qualified dividends on Form 1040, 1040-SR, or 1040-NR, line 3a? Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040, line 16. No. Complete the rest of Form 1040, 1040-SR, or 1040-NR Step by Step Solution
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