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TAX FORM/RETURN PREPARATION PROBLEMS 15-56 Given the following information for Jane Cole, complete Schedule D of Form 1040 through Part III. . Stock options, which

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TAX FORM/RETURN PREPARATION PROBLEMS 15-56 Given the following information for Jane Cole, complete Schedule D of Form 1040 through Part III. . Stock options, which she purchases on February 14 of the current year for $850, ex- pire on October 1 2010, for $18,000. investment on February 16, for $1,600. January 10, 2004, when its FMV was $1,600. The ring was purchased by her grand- . On July 1, she sells for $4,500 her personal-use automobile acquired on March 31, On August 16, she sells for $3,100 her stock of York Corporation purchased as an .On March 15, she sells for $5,600 an antique ring, a gift from her grandmother on mother on April 2, 1979, for $1,800. She has an STCL carryover of $250 from last year. Spencer Duck (SSN 000-22-1111) ic sinala an

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