Reference no: EM13849492
Lynn and Laurie are married and have two children, Josh (15 years old) and Julie (19 years old). Laurie works for Fox Corporation as a drilling superintendent. Lynn runs an internet business, Handy Hints, from their home that provides handyman advice.
During 2014, they received the following interest and dividends:
Second Bank saving account interest $200
Marble School district bonds 180
Saber Corporation bonds 1,900
Hi-Flow Corporation dividends (qualifying) 450
In addition, they sold the following investments during the year:
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Security
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Sale Date
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Purchase Date
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Sales Price
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Commission Paid
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Basis
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Doonbeg Inc.
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03/19/14
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04/12/13
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$8,000
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$40
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$8,980
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Troon Corporation
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06/12/14
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09/10/11
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$11,000
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$250
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$7,850
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Augusta Motors
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10/10/14
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04/11/12
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$6,000
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$50
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$6,870
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The Form 1099 Lynn and Laurie received from their broker indicated total sales of $24,660 (i.e., sales were reported net of commissions).
Required: Based on the information provided above, only fill out appropriate portion of From 1040, From 1040 Schedule B, and From 1040 Schedule D.
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: Lynn and Laurie are married and have two children, Josh (15 years old) and Julie (19 years old). Laurie works for Fox Corporation as a drilling superintendent. Lynn runs an internet business, Handy Hints, from their home that provides handyman adv..
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