Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Income — Capital Gain or Loss Workout

Form 8949 and Schedule D

Skills Warm Up: Form 8949 and Schedule D

Question 4 of 4

Margo bought stock for $1,500, plus a $25 commission. She sold the stock for $2,000 and paid a $25 commission. Her Form 1099-B shows the net proceeds of $1,975 as the sales price.

Based on the same scenario, how much is Margo's gain?

Click here if you want to see Schedule D.

Click here if you want to see Form 8949.

Type your answer here: $ (Please do not use commas in answer)