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Tonks, 6 8 and single, receives a salary of $ 1 6 0 , 0 0 0 . Two years ago she was gifted stock
Tonks, and single, receives a salary of $ Two years ago she was gifted stock by her uncle. At the time of the gift the FMV of the stock was $ and her uncle's Basis in the stock was $ She sold the stock in the current year for $ Due to a change of employment she moved from Idaho to California in She also had the following in the current year:
STCL on stock of $
LTCG on stock of $
Sale of principal residence on November for $ She bought it on May for $ and lived it in the entire time
LTCL on stock of $
STCG on stock of $
Sale of her year old Tea Set Collection for $ Her Basis was $
What is Tonks' Taxable Income and Tax Liability?
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