Question
Using this info fill out a schedule D: Land was sold for $35,000. The land was received as a property settlement on January 10, 2010,
Using this info fill out a schedule D:
Land was sold for $35,000. The land was received as a property settlement on January 10, 2010, when the land's FMV amounted to $30,000. His ex-wife's basis for the land, purchased on January 10, 2002, was $18,600. A personal-use computer acquired on March 2 last year for $4,000 was sold for $2,480. A membership card for a prestigious country club was sold for $8,500. The card was acquired on October 10, 2004, for $6,000. Marketable securities held as an investment were sold for $20,000. The securities were inherited from his uncle, who died on March 10 of the current year when FMV of the securities was $21,000. The uncle purchased the securities on May 10, 1990, for $10,700
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