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Assume the following sales took place during 2020 for a variety of individual capital assets for Ron (all normal capital assets with gains subject to

Assume the following sales took place during 2020 for a variety of individual capital assets for Ron (all normal capital assets with gains subject to 0%, 15% or 20% tax rates): Property Purchase Date Property Sale Date Adjusted Basis Sales Proceeds Gain/Loss Character of Gain/Loss 12/6/2020 12/9/2020 $1,000 $1,060 1/7/2000 6/15/2020 $5,000 $6,200 11/6/2013 8/20/2020 $5,000 $4,200 5/1/2020 10/31/2020 $2,500 $2,200 6/8/2011 3/22/2020 $8,600 $10,000 7/10/1999 1/19/2020 $2,000 $4,100 3/16/2016 3/16/2020 $5,300 $6,000 *A prior year long-term capital loss will be carried over into this year in the amount of ($4,000). 1. Determine the net capital gain or loss resulting from these transactions. 2. Explain the tax rate(s) that would apply to your end result or if any part of your end result is deducible against ordinary income. 3. Enter this information into Form 8949 and then into Schedule D for 2020.

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