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This is for 2018 tax prep for 2017 tax year Charu Khanna received a Form 1099-B showing the following stock transactions and basis during 2017:
This is for 2018 tax prep for 2017 tax year
Charu Khanna received a Form 1099-B showing the following stock transactions and basis during 2017: Date Sales Cost Stock 4,000 shares Green Co 500 shares Gold Co 5,000 shares Blue Co. 100 shares Orange Co Purchased Date Sold Price Basis 06/04/06 08/05/17 $12,000 $3,000 02/12/17 09/05/17 54,000 62,000 02/04/07 11/15/16 07/12/17 19,000 18,000 10/08/17 18,000 22,000 None of the stock is qualified small business stock. The stock basis was reported to the IRS. Calculate Charu's net capital gain or loss using Schedule D and Form 8949. Note: Enter all amounts as positive numbers except for "loss". If required, enter a "loss" as a negative number on the tax form. If an amount is zero, enter "O". If the answer is Not applicable", select "NA" from the drop-down listStep by Step Solution
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