Company date acquired cost date sold sales price

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John Jones is unmarried with no dependents. During the year he sold common stock in the following companies:
Company Date acquired Cost Date sold Sales price
540 shs Salad, Inc 05/07/2013 $11,175 02/17/2014 $12,345
140 shs Greed Corp. 04/21/2005 $6,458 09/09/2014 $6,085
700 shs XYZ Corp 12/11/1998 $17,750 12/12/2014 $23,024
John carried over a long-term capital loss of $3,500 from 2013. His taxable wages were $65,993 in 2014. His employer withheld $8,825 for federal taxes. John's only other items of gross income during the year were $756 of bank interest and $450 of state bond interest. Although he is an active participant in his employer's 401(k) plan, in November he contributed $2,500 to his traditional IRA.
Determine John's tax owed or tax refund for 2014.

Reference no: EM13679879

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