Question

How would this information be entered on form 8949 and Schedule D

On June 20, 2017, the Davis’ sold their Klor Inc. stock for $8,980. Phil and Jannie had received this stock as a gift from Jannie’s dad on November 25, 2010 when its fair market value was $7,776 (no gift tax was paid). Jannie’s Dad had purchased the stock on January 14, 1993 for $8,640.                

        On 9/10/16, Jannie purchased 2000 shares of Weasel Corp. stock for $2,600. The company had declared bankruptcy in 2016, and didn’t make it; they officially went out of business on 8/15/17.

        Jannie also sold 1000 shares of Techno Inc. stock on 12/01/17 for $520. Jannie had purchased the stock on 10/18/06 for $5,680. Techno qualifies as a §1244 corporation.

        Phil purchased 800 shares of Zagnut Corp. on November 7, 208 for $14,000; he received an additional 80 shares as a nontaxable 10% stock dividend on February 12, 2016 (when the market price was $27 per share), and sold those 80 shares on February 13, 2017 for $1,900; he also sold 200 of the original 800 shares on Nov. 12, 2017 for $6,000.

Answer 1

Information to be entered on Form 8949 and Schedule D:

Date	Particulars	Amount ($)	Amount ($)
20-06-17	Sale proceeds from stock of Klor Inc.	8,980.00
	Less: Cost basis	Nil
	Long term capital gain		8,980.00
01-12-17	Sale proceeds from sale of 1000 shares of Techno Inc.	520.00
	Less: Cost basis	5,680.00
	Long term capital loss		(5,160.00)
13-02-17	Sale proceeds of 80 shares of Zagnut	1,900.00
	Less: Cost basis (80 x 27)	2,160.00
	Long term capital loss		(260.00)
	Net long term capital gain		3,560.00

Date	Particulars	Amount ($)	Amount ($)
15-08-16	Short term capital loss
	Cost price of 2000 shares of Weasel Corp. as the company dissolved	(2,600.00)
	Net short term capital loss		(2,600.00)