65. Go to the IRS Web site (www.irs.gov) and print Schedule D for Form 1040. Compute the...
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65. Go to the IRS Web site (www.irs.gov) and print Schedule D for Form 1040. Compute the net effect of the following asset sales on Gineen Tibeau’s taxable income using Schedule D:
a. 100 shares of ABC stock; original cost $4,000; selling price $6,000
b. $5,000 in CDF bonds; original cost $5,100; selling price $4,950
c. Original Dali drawing; cost $23,000; selling price $31,000
d. 200 shares of GHI stock; original cost $8,000; selling price $6,400
e. 5,000 shares of XYZ stock; original cost $20,000; selling price
$12,000 All assets except the CDF bonds have been held for more than one year.
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