4) (20 POINTS) Robin, an ice cream shop owner, had the following transactions happen in 2021 (all regular capital assets subject to the 0%, 15%,

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4) (20 POINTS) Robin, an ice cream shop owner, had the following transactions happen in 2021 (all regular capital assets subject to the 0%, 15%, and/or 20% preferred rates): Turtle Stock Waffle Cone Stock Rocky Road Stock Vanilla Stock Chocolate Stock Sales Price $24,000 $12,000 $4,000 $5,000 $7,000 Basis $8,000 $9,000 $7,000 $3,200 $9,000 Purchased 7/15/2005 7/1/2020 2/12/2011 8/2/2002 5/30/2021 Sold 1/12/2021 4/20/2021 11/29/2021 5/2/2021 10/20/2021 $4,000 Long-Term Capital Loss Carryforward from prior year a) What would Robin report for capital gains and/or losses on her tax return in 2021? b) What would Robin's total tax liability be if her taxable income, not including any capital gains and losses, was $98,000 for 2021? Assume Robin is single and not self-employed

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