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4) (20 POINTS) Robin, an ice cream shop owner, had the following transactions happen in 2020 (all regular capital assets): Turtle Stock Waffle Cone Stock

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4) (20 POINTS) Robin, an ice cream shop owner, had the following transactions happen in 2020 (all regular capital assets): Turtle Stock Waffle Cone Stock Rocky Road Stock Vanilla Stock Chocolate Stock Sales Price $25,000 $16,000 $3,000 $4,700 $7,000 Basis $8,000 $10,000 $8,000 $3,200 $9,000 Purchased 7/15/2005 7/1/2019 2/12/2011 8/2/2002 5/30/2020 Sold 1/12/2020 4/20/2020 11/29/2020 5/2/2020 10/20/2020 $6,000 Long-Term Capital Loss Carryforward from prior year a) What would Robin report for capital gains and/or losses on her tax return in 2020? b) What would Robin's total tax liability be if her taxable income, not including any capital gains and losses, was $89,000 for 2020? Assume Robin is single and not self-employed

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