Karen Samuels (Social Security number 123-45-6789) makes the following purchases and sales of stock:

Assuming that Karen is unable to identify the particular lots that are sold with the original purchase, determine the recognized gain or loss on each type of stock:
a. As of July 1, 2015.
b. As of December 31, 2015.
c. As of December 31, 2016.
d. As of July 1, 2017.
e. Form 8949 and Schedule D (Form 1040) are used to report sales of capital assets (which include stock sales). Go to the IRS website, and download the 2016 Form 8949 and Schedule D (Form 1040). Then complete the forms for part (c) of this problem, assuming that the brokerage firm did not report Karen€™s basis to the IRS [complete Schedule D (Form 1040) through line 16].

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Transaction Number of Shares 300 150 60 200 Price per Share $ 75 Company Date 1-1-2015 Purchase Purchase Purchase Sale Purchase MDG 6-1-2015 300 GRU 70 MDG 12-3-2015 3-1-2016 8-1-2016 MDG GRU GRU 80 375 120 330 Sale 90 1-1-2017 Sale Sale 150 MDG 90 2-1-2017 GRU 75 500