Lynn and Laurie are married and have two children, Josh (15 years old) and Julie (19 years old). Laurie works for Fox Corporation as a drilling superintendent. Lynn runs an internet business, Handy Hints, from their home that provides handyman advice.
During 2014, they received the following interest and dividends:
Second Bank saving account interest $200
Marble School district bonds 180
Saber Corporation bonds 1,900
Hi-Flow Corporation dividends (qualifying) 450
In addition, they sold the following investments during the year:
|
Security
|
Sale Date
|
Purchase Date
|
Sales Price
|
Commission Paid
|
Basis
|
|
Doonbeg Inc.
|
03/19/14
|
04/12/13
|
$8,000
|
$40
|
$8,980
|
|
Troon Corporation
|
06/12/14
|
09/10/11
|
$11,000
|
$250
|
$7,850
|
|
Augusta Motors
|
10/10/14
|
04/11/12
|
$6,000
|
$50
|
$6,870
|
The Form 1099 Lynn and Laurie received from their broker indicated total sales of $24,660 (i.e., sales were reported net of commissions).
Required: Based on the information provided above, only fill out appropriate portion of From 1040, From 1040 Schedule B, and From 1040 Schedule D.