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
Repairs and Maintenance $750
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