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Sandy James is an audit manager at a local CPA firm. She owns a condo in town. Sandy has a daughter, Laura, who is age
Sandy James is an audit manager at a local CPA firm. She owns a condo in town. Sandy has a daughter, Laura, who is age Laura lives with her father, Sandys former spouse, and has a parttime job at the mall. Laura received a W from her employer; she earned $ in wages.
Sandy is requesting that you, as one of the staff accountants, handle her tax material for the current year.
Sandy had various stock transactions that qualified as capital gains. The information for these transactions is given in the table below. Complete the table by putting the proper amounts in the indicated cells for gains and losses. If the value of a cell is zero, you must enter a zero to receive credit for your answer. Use dollar amounts only ie no cents In the final column, click on the cell and select ST from the menu provided if the transaction is short term or LT if the transaction is long term.
Sandy James' Capital Transactions
Common Stock Date Acquired Cost Date Sold Sales Price Gain Loss ST or LT
shares of L Corp. Yr $Yr $
shares of R Corp. YrYr
shares of T Corp. YrYr
shares of T Corp. Yr
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