The Nelsons sold the following assets/investments during this year: a) 4/4/2019 sold for $20,400 common stock in York Co. that was purchased for $12.000, on 2/14/2011, The shares of York Co are qualified small business stock under $1202. b) 7/1/2019 sold 200 shares of common stock in New Co. for $21,000. They had purchased 100 shares on 8/7/2016 for $7,500 and 100 shares on 8/7/2017 for $ 8,250. c) 7/15/2019 sold 150 shares of common stock of City Co for $12,000 total that were purchased for $13,250 on 1/18/2019. d) 8/5/2019 sold for $27,000 antique coins that Jeannie inherited from her great-aunt on January 16, 2019 when its FMV was $25,500. Her great aunt had a basis in the coin of $2,000. e) 10/1/2019, they sold a portion of a parcel of land with a small building for $45,000 that had a basis of $12,000 and was purchased in 2002. $30,000 of the gain is unrecaptured $1250 property. f) 10/15/2019 sold stock in Space Explorers Inc. for $32,000 that they had purchased on 8/14/2015 for $28,000. g) The Nelsons have a long-term loss carryover of $12,000 from 2018. Tony & Jeannie Nelson Sale of Assets 2019 Short Term Net Gain Capital Cost (Loss) Gain/(Loss) Long Term Capital Gain/(Loss) 28% 25% 0/15/20 Items Proceeds Explanation/Computations as needed & Carryover Total Gain / (Losses) Steps 1 & 2 Netting Steps: NET GAIN (LOSSES) The Nelsons sold the following assets/investments during this year: a) 4/4/2019 sold for $20,400 common stock in York Co. that was purchased for $12.000, on 2/14/2011, The shares of York Co are qualified small business stock under $1202. b) 7/1/2019 sold 200 shares of common stock in New Co. for $21,000. They had purchased 100 shares on 8/7/2016 for $7,500 and 100 shares on 8/7/2017 for $ 8,250. c) 7/15/2019 sold 150 shares of common stock of City Co for $12,000 total that were purchased for $13,250 on 1/18/2019. d) 8/5/2019 sold for $27,000 antique coins that Jeannie inherited from her great-aunt on January 16, 2019 when its FMV was $25,500. Her great aunt had a basis in the coin of $2,000. e) 10/1/2019, they sold a portion of a parcel of land with a small building for $45,000 that had a basis of $12,000 and was purchased in 2002. $30,000 of the gain is unrecaptured $1250 property. f) 10/15/2019 sold stock in Space Explorers Inc. for $32,000 that they had purchased on 8/14/2015 for $28,000. g) The Nelsons have a long-term loss carryover of $12,000 from 2018. Tony & Jeannie Nelson Sale of Assets 2019 Short Term Net Gain Capital Cost (Loss) Gain/(Loss) Long Term Capital Gain/(Loss) 28% 25% 0/15/20 Items Proceeds Explanation/Computations as needed & Carryover Total Gain / (Losses) Steps 1 & 2 Netting Steps: NET GAIN (LOSSES)