Phil and Susan Hammond are married taxpayers filing a joint return. The couple have two dependent children. Susan has wages of $34,000 in 2017. Phil does not work due to a disability, but he is a buyer and seller of stocks. He generally buys and holds for long-term gain, but occasionally gets in and out of a stock quickly. The couple’s 2017 stock transactions are detailed below. In addition, they have $2,300 of qualifying dividends.

a. What is Phil and Susan’s AGI?
b. Complete a Form 8949 for the Hammonds (Phil’s Social Security number is 123-45-6789). Assume that the stock sale information was reported to die Hammonds on a Form 1099-B and that basis information was provided to the IRS.

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Date Acquired Sales Price Item Date Sold Cost Blue stock (10 shares) Purple stock (100 shares) Beige stock (50 shares) Red stock (100 shares) Black stock (100 shares) Gray stock (100 shares) 03/12/17 $ 3,000 $ 6,000 11/10/16 05/23/17 12/13/15 36,000 32,000 12/14/12 07/14/17 13,000 14,500 06/29/16 05/18/17 26,000 27,000 10/18/17 67,000 67,800 05/15/16 04/23/15 10/18/17 89,000 88,200