Sam Upchurch, a single taxpayer, acquired stock in Hummer Corporation that qualified as a small business corporation under $ 1244, at a cost of $100,000, three years ago. He sells the stock for $10,000 in the current tax year. 5. Enter the results of this transaction for Kara on Form 1040, Schedule D (P.1) for the tax year 2019. Assume that relevant facts from the transaction initially had been shown on Form 8949 with Box F checked. SCHEDULED OMB No. 1545-0074 (Form 1040 er 1040-SR) Capital Gains and Losses Attach to form 1040, 1040-SR or Form 1040-NR. 2019 Department of the Treasury Go to www.irs.gov/Scheduled for instructions and the latest information. Attachment Internal Revenue Service (99) Use Form 8949 to list your transactions for lines 1b, 2, 3, 8, 9, and 10. Sequence No. 12 Name() shown on retum Your social security number Karen Upchurch 12345-6700 Did you dispose of any investments) in a qualified opportunity fund during the tax year? Yes No "Yes", attach Form 8949 and see its instructions for additional requirements for reporting your gain or loss. Short-Term Capital Gains and Losses-Generally Assets Held One Year or Less (see instruction) (1) Gain or losa) See instructions for how to figure the amounts to enter on (9) Subtract column the lines below. Adjustments to gain Proceeds Cast for or from Form) from column 8949, Part I, ine 2 (d) and combine This form may be easier to complete if you round of cents sales price) other basis) the result with calumno) to whole dollars. column (a) | Part 1 4 5 6 or los from Forms from column ia Totals for all short-term transaction reported on Form 1099-B for which basis was reported to the IRS and for which you have no adjustments (10 instructions). However, if you choose to report all these transactions on Form 8949, leave this line blank and go to line 1 1b Totals for all tradicions reported on Forms) 8949 with Box A checked. 2 Totals for altra action reported on Forms) 8949 with Box B checked.. 3 Totals for all transactions reported on Forms) 8940 with Box checked..... 4 Short-term gain from Form 6252 and short-term gain or (less) from Farms 4684,6781, and 8824. 5 Net short-term gain or loss) from partnerships, corporations, estates, and trusts from Schedules) Ki.. 6 Short-term capital loss carryover. Enter the amount, if any, from line of your Capital Loss Carryover Worksheet in the instructions.... 7 Net short-term capital gain or loss). Combine lines ta through 6 in column th). If you have any long term capital gain or losses, po to Part II below. Otherwise, go to Part II on the back. 7 Part II Long-Term Capital Gains and Losses-Generally Assets Held More Than One Year (se instructions) See instructions for how to figure the amounts to enter on (9) (h) Gain or loss) Subtract column the lines below. (d) Adjustments to gain Proceeds Cost for (d) and combine This form may be easier to complete if you round off cents 8949, Part II, line 2 sale price other basis) the result with to whole dollars calumn() column() Ba Totais for a long term transactions reported on Form 1099-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 &b Bb Totals for all transaction reported on Form() 8940 with Box D checked........ 9 Totals for all transaction reported on Form(s) 8949 with Box E checked... 10 Totals for all transactions reported on Form) 8949 with Box checked 11 Gain from Form 4797, Part 1; long-term gain from Forms 2439 and 5252, and long-term gain or loss from Forms 4684, 6781, and 8824... 12 Net long-term gain or (less) from partnerships, Scorporations, estates, and trusts from Schedules) 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... 15 Net long-term capital gain or loss). Combine ines Ba through 14 in column (h). Then go to Part III on the back For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 11338H Schedule D (Form 1040 or 1040-SR) 2019 11 14 15 Sam Upchurch, a single taxpayer, acquired stock in Hummer Corporation that qualified as a small business corporation under $ 1244, at a cost of $100,000, three years ago. He sells the stock for $10,000 in the current tax year. 5. Enter the results of this transaction for Kara on Form 1040, Schedule D (P.1) for the tax year 2019. Assume that relevant facts from the transaction initially had been shown on Form 8949 with Box F checked. SCHEDULED OMB No. 1545-0074 (Form 1040 er 1040-SR) Capital Gains and Losses Attach to form 1040, 1040-SR or Form 1040-NR. 2019 Department of the Treasury Go to www.irs.gov/Scheduled for instructions and the latest information. Attachment Internal Revenue Service (99) Use Form 8949 to list your transactions for lines 1b, 2, 3, 8, 9, and 10. Sequence No. 12 Name() shown on retum Your social security number Karen Upchurch 12345-6700 Did you dispose of any investments) in a qualified opportunity fund during the tax year? Yes No "Yes", attach Form 8949 and see its instructions for additional requirements for reporting your gain or loss. Short-Term Capital Gains and Losses-Generally Assets Held One Year or Less (see instruction) (1) Gain or losa) See instructions for how to figure the amounts to enter on (9) Subtract column the lines below. Adjustments to gain Proceeds Cast for or from Form) from column 8949, Part I, ine 2 (d) and combine This form may be easier to complete if you round of cents sales price) other basis) the result with calumno) to whole dollars. column (a) | Part 1 4 5 6 or los from Forms from column ia Totals for all short-term transaction reported on Form 1099-B for which basis was reported to the IRS and for which you have no adjustments (10 instructions). However, if you choose to report all these transactions on Form 8949, leave this line blank and go to line 1 1b Totals for all tradicions reported on Forms) 8949 with Box A checked. 2 Totals for altra action reported on Forms) 8949 with Box B checked.. 3 Totals for all transactions reported on Forms) 8940 with Box checked..... 4 Short-term gain from Form 6252 and short-term gain or (less) from Farms 4684,6781, and 8824. 5 Net short-term gain or loss) from partnerships, corporations, estates, and trusts from Schedules) Ki.. 6 Short-term capital loss carryover. Enter the amount, if any, from line of your Capital Loss Carryover Worksheet in the instructions.... 7 Net short-term capital gain or loss). Combine lines ta through 6 in column th). If you have any long term capital gain or losses, po to Part II below. Otherwise, go to Part II on the back. 7 Part II Long-Term Capital Gains and Losses-Generally Assets Held More Than One Year (se instructions) See instructions for how to figure the amounts to enter on (9) (h) Gain or loss) Subtract column the lines below. (d) Adjustments to gain Proceeds Cost for (d) and combine This form may be easier to complete if you round off cents 8949, Part II, line 2 sale price other basis) the result with to whole dollars calumn() column() Ba Totais for a long term transactions reported on Form 1099-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 &b Bb Totals for all transaction reported on Form() 8940 with Box D checked........ 9 Totals for all transaction reported on Form(s) 8949 with Box E checked... 10 Totals for all transactions reported on Form) 8949 with Box checked 11 Gain from Form 4797, Part 1; long-term gain from Forms 2439 and 5252, and long-term gain or loss from Forms 4684, 6781, and 8824... 12 Net long-term gain or (less) from partnerships, Scorporations, estates, and trusts from Schedules) 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... 15 Net long-term capital gain or loss). Combine ines Ba through 14 in column (h). Then go to Part III on the back For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 11338H Schedule D (Form 1040 or 1040-SR) 2019 11 14 15