Question
Tax Form/Return Preparation Problems: Given the following information for Jane Cole, complete Schedule D of Form 1040 through Part lll. * Stock options, which she
Tax Form/Return Preparation Problems:
Given the following information for Jane Cole, complete Schedule D of Form 1040 through Part lll. * Stock options, which she purchases of February 14 of the current year for $850, expire on October 1. * On July 1, she sells for $1500 her personal-use automobile acquired on March 31, 1990, for $8000. *On August 16, she sells for $3100 her stock of York Corporation purchased as an investment on February 16, for $1600. * On March 15, she sells for $5600 an antique ring, a gift from her grandmother on January 10, 1988, when its FMV was $1600. The ring was purchased by her grandmother on April 2, 1979, for $1800. * She has a STCLcarryover of $250 from last year.
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