You must apple the tax law in effect for tax year 2023( even though we must use the 2022 forms and schedules because not all of the 2023 forms and schedules are available at this time) and you must assume you are preparing the return in April 2024.

6. The TPs sold the following stock in 2023: 300 shares of Adam, Inc.; Purchased on 8/21/20 for $52 per share; Sold on 5/2/23 for $62 per share reported to the TPs on Form 1099-B without basis reported. 1,000 shares of Eve, Inc.; Purchased on 8/24/22 for $176 per share; Sold on 6/30/23 for $166 per share reported to the TPs on Form 1099-B without basis reported. If only one of the following is a correct entry on the TP's return, it is: a. $3,000 on Schedule D, Part I, Line 1, column (h). b. ($10,000) on Form 8949, Part II, Line 1, column (h). c. ($3,000) on Form 1040, Line 7. d. ($7,000) on Schedule D, Part III, Line 21.