Question

Mary who files single is an pianist and earned a W-2 salary of $71,000 in 2018. Mary also incurred the following capital gain/loss transactions in 2018 of stock Sales price Basis 8,000 6,000 10,000 10,000 4,000 11,000 Purchase 4/8/2014 7/16/2009 5/1/2008 7/12/2018 4/2/2006 5/30/2016 sold 11/3/2018 3/15/2018 4/20/2018 11/29/2018 5/2/2018 10/20/2018 10,000 27,000 17,000 jack stock hit Stock feather Stock Marriott Stock 4,000 sugar Stock Chrysler Stock 6,000 Prior year ST loss Carry forward Coin collection7,000 sold Rental property 590,000 sold 6,000 3,500 2,500 6/30/2012 11/26/2018 440,000 8/15/2011 7/23/2018 $55,000 of the gain is related to depreciation recapture Based on the facts affecting Mary given in the problem above What is the Net Short-Term Capital Gain/Loss reported on the 2018 Schedule D? What is the Net Long-Term Capital Gain/Loss reported on the 2018 Schedule D? What is the correct tax due?

Answer 1

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otal incame n Tox rate Ta e inCome ax Owrned Sab asas 24 17S M3799 も 47SD) 853490 Total→ 4130,000