Question 70 please. Thank you!

67. Teri's uncle gave her a house on 12/25/02. Her uncle purchased the house on 3/20/74 for $58.759. The fair market value of the house at the time of the gift was $79,000. Assume he owed no gift tax. The home has never been used for business. Before moving into the house, Teri paid for the following: New roof installed storm windows Replaced a broken window Replaced gravel in the driveway $ 9,873 $ 1,962 $ 127 $ 499 What is Teri's adjusted basis in her home? $91,461 b) $90,835 c) $70,721 d) $70,594 68. George sold some stocks in 2018. Which of the following is a long-term capital gain/loss? Property a) ABC Company b) XYZ Company IC) SB Company d) TT Company Date Purchased May 15, 2017 February 12, 2017 January 15, 2017 August 1, 2017 Date Sold January 16, 2018 February 12, 2018 January 16, 2018 | July 31, 2018 69. David had gains/losses from the sale of the following items. How much is his net capital gain/loss? Property Sold Sale of his main home purchased three years ago: Sale of songs written by him one year ago: Sale of stocks held for investment: Sale of his jewelry inherited from his mother: Gain/Loss ($ 65,000) $2,500 $ 15,500 $ 28.000 (a) ($19,000) b) $43,500 c) $46,000 d) $15,500 70. Which of the following statements is correct regarding capital gain distributions? a) Taxpayers must file Schedule D to report capital gain distributions. b) Taxpayers can report the capital gain distributions directly on line 13 of Schedule 1 if they have section 1250 gain shown on Form 1099-DIV. Taxpayers may not have to file Schedule D to report capital gain distribution. d) If the taxpayer must file Schedule D and both line 15 and line 16 of the Schedule D are greater than 0, then he must use Schedule D Tax Worksheet to figure the amount of tax enter on Form 1040, line 11a