All 3 questions.

3. Brian sold some stock during the current tax year (2018). Calculate Brian's long-term gain/loss. Property National Semiconductor Office Depot Citigroup General Electric Dow Chemical Date Purchased 5/25/2012 1/23/2006 2/28/2017 3/16/1989 3/16/1989 Date Sold 6/12/2018 6/12/2018 2/28/2018 6/15/2018 9/24/2018 Purchase Price $2,583 355 1,250 1,654 856 Sales Price $1,025 2,544 659 869 2,495 a) $6,933 gain b) $5,448 gain c) $1,485 gain d) $ 894 gain 4. In the previous tax year, Albert had a long-term loss carryover of $4,500, he had a current year long-term gain of $1,480, and he claimed the maximum long-term loss allowed ($3,000) on Schedule D in the previous tax year. Albert had a $591 short-term loss in the current year. What is the amount of long-term gain or loss Albert will be able to claim on Schedule D this year after using the carryover loss from the previous year? a) ($20) loss b) $20 gain c) ($611) loss d) $571 gain 5. John owns shares in a mutual fund and shares of individual stocks in his brokerage account. The Form 1099-DIV from the mutual fund indicates $2,000 of capital gains distributions and the form from the brokerage firm indicates $6,000 of capital gains distributions. The brokerage statement also indicated a long term capital loss of $1,850 on a stock sale. How should John report the capital gains distributions? a) He should report them directly on Form 1040. b) He should report them on Form 8949 and then on Schedule D. c) He should report them on Schedule D. d) He is not required to report them until he sells the underlying securities