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Sophia is 20 years old, unmarried, and graduated from junior college in December 2020. In 2021, she worked as a care provider for her
Sophia is 20 years old, unmarried, and graduated from junior college in December 2020. In 2021, she worked as a care provider for her disabled sister, Savannah, and received $15,200 in Medicaid waiver payments reported on Form W-2 Box 1. In June, Sophia sold some stock she inherited. She provided the brokerage statement showing all her stock sales for 2021. Sophia is a U.S. citizen, has a Social Security number, and lived with Savannah in the U.S. all year. Sophia provides all of her own support. click here to see Sophia's Brokerage Statement 7. Sophia's inherited stock sale is treated as a long-term transaction True False
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