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Taxpayer Information Name: Bryan Jones

Capital Gains Bryan had the following stock transactions in 2017:

He sold 1,000 shares of Apex Co. for $ 12,000 on June 7, 2016, which he purchased on April 1, 2014 for 25,000.

In addition, he sold 750 shares of Velocity Inc. for $10,000 on September 1, 2016, which he purchased on December 1, 2015 for $5,000.

Rental Real Estate Bryan owns a rent house which he purchased on July 1, 2014.

The income and expenses of the rental real estate unit for 2017 are as follows:

Rental income $12,000

Property taxes $1,500

Depreciation $1,000

Repairs and Maintenance $750

Insurance $2,000

Other Transactions in 2017

1. Bryan received a gift of $4,000 from his brother.

2. Bryan paid $3,000 for the year in alimony to his ex-wife, per divorce decree.

3. Bryan had gambling winnings of $1,000.

4. Bryan was the beneficiary of his mother’s life insurance policy. His mother died in 2017 and he received $50,000 under this policy

DO/PUT ON A SCHEDULE D FORM FROM 2016

DON'T DO SCHEDULE E FORM FROM 2017 LIKE LAST TIME OR EXPLAIN WRITTEN OUT

I NEED ACTUAL FORM

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