7- Taxpayer has a stock portfolio and sells several securities during 2017. Data regarding these sales is as follows: Stock No. 1 2 3 Date Acquired 01.01.20 03.31.20 02.25.14 12.31.14 03.30.15 Date Sold 12.31.20 05.07.20 05.07.20 12.31.20 05.20.20 Gross Sales Price Basis 500 200 4,000 4,500 3,600 3,000 400 550 7,000 6,000 4 5 a) What is the net short term capital gain/(loss) realized by taxpayer in 2019? a. (200) b. 400 c. 1,450 d. 800 b) Assuming taxpayer has a long-term capital loss carryforward of $5,000, what amount of capital gain/(loss) is recognized in total (ie short-term and long-term) by taxpayer in 2020? a. (3,000) b. (3,750) c. 1,250 d. 3,000 c) What amount, if any, of capital loss carryforward will taxpayer have going into 2021? a. There is not a carryforward available for 2021. b. 500 c. 3,000 d. 750