Ellen B. Ryan (SSN 392-40-6811) is unmarried with no dependents. Ellen lives at 1840 S....
50.1K
Verified Solution
Link Copied!
Question
Accounting
Ellen B. Ryan (SSN 392-40-6811) is unmarried with no dependents. Ellen lives at 1840 S. 200 West, Reno, Nevada 89434. She is 34 years old. During the year, she sold common stock in the following companies. All stock sales were reported to Ellen on Form 1099-B. None showed Ellen's basis. Ellen carried over a $3,500 long-term capital loss from 2014. Her taxable wages were $61,893 in 2015. Her employer withheld $7,630 for federal income taxes. Ellen also had $650 of taxable interest and $540 of tax-exempt interest. Ellen wants $3 to go to the Presidential campaign fund. Prepare Ellen's 2015 tax return that she signs on April 11, 2016. Please fill out Form 1040, schedule D, and Form 8949.
Description
Date Acquired
Adjusted Basis
Date Sold
Sales Price
400 shares Gable Co.
8-9-14
$5,175
5-11-15
$6,345
127 shares Tolano Corp.
3-10-14
3,929
7-15-15
3,556
690 shares Radian, Inc.
1-19-09
6,570
11-27-15
11,844
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!