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The following information is available for the Albert and Allison Gaytor family in addition to that provided inChapters 1,2,3,4, and5. Allison discovered a bookkeeping error

  • The following information is available for the Albert and Allison Gaytor family in addition to that provided inChapters 1,2,3,4, and5.
  • Allison discovered a bookkeeping error in her business records. The revenues from Toge Pass should have been $85,100 (not the $64,050 originally recorded).
  • Albert owned 1,000 shares of Behemoth Airline stock with a basis of $30 per share. The stock was purchased 6 years ago on June 10. Albert sells 500 shares of Behemoth stock to his uncle Seth and 500 of the shares to his sister Sara for $5 per share on December 31, 2019.
  • Required:Combine this new information about the Gaytor family with the information fromChapters 1,2,3,4, and5and complete a revised 2019 tax return for Albert and Allison. Be sure to save your data input files since this case will be expanded with more tax information in thenext chapter.

My answer is for Schedule D, 4797, etc.

which is

Description of Property: Behemoth Airline

Date Acquired: 12/03/2012

Date Sold: 12/03/2019

I need to know for Sales Price and Cost or Basic for the answer.

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