Stock of york corporation purchased as an investment


Given the following information for Jane Cole, complete Schedule D of Form 1040 through Part III.

  1. Stock options, which she purchases on February 14 of the current year for $850, expire on October 1.
  2. On July 1, she sells for $1,500 her personal-use automobile acquired on March 31, 1990, for $8,000.
  3. On August 16, she sells for $3,100 her stock of York Corporation purchased as an investment on February 16, for $1,600.
  4. On March 15, she sells for $5,600 an antique ring, a gift from her grandmother on January 10, 1988, when its FMV was $1,600. The ring was purchased by her grand- mother on April 2, 1979, for $1,800.
  5. She has a STCL carryover of $250 from last year.

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Accounting Basics: Stock of york corporation purchased as an investment
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