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The Wilsons had the following activity in their brokerage account during the year (all transactions were reported on a basis information for each stock sale

The Wilsons had the following activity in their brokerage account during the year (all transactions were reported on a basis information for each stock sale and purchase was reported to the IRS)

Sold 2,000 shares of Microsoft 7/1/17 $22,500

Sold 75 shares of Apple, Inc. 4/15/17 $28,750

Sold 350 shares of Cooper Tire 10/14/17 $14,700

Sold 1,000 shares of Cardinal Health 9/3/17 $35,000

Sold 50 shares of Union Pacific 1/7/17 $2,750

Purchased 100 shares of Procter & Gamble 7/10/17 $7,700

Purchased 350 shares of Cooper Tire 11/1/17 $14,000

Purchased 350 shares of PepsiCo 5/14/17 $32,000

Purchased 300 shares of Kellogg 10/14/17 $21,000


Relevant tax basis/holding period information related to sales of securities in the current year:


Purchased 2,000 shares of Microsoft on 5/1/17 for $21,000

Purchased 200 shares of Apple, Inc. on 3/8/15 for $90,000

Purchased 300 shares of Cooper Tire on 1/12/14 for $9,000

Purchased 50 shares of Cooper Tire on 6/28/17 for $2,000

Received 1,000 shares of Cardinal Health from Diana’s father as a gift on 10/10/01. His father’s basis in the stock at the time of the gift was $7,000. Fair market value of the stock at the date of the gift was $41,000

Purchased 100 shares of Union Pacific on 9/5/16 for $6,000


The Wilsons have a $43,000 long-term capital loss carryover from the prior tax year.

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