Question
Barry experienced the following sales of stock and other property during the 2019 tax year. Additionally, Barry has a long-term capital loss carryover of $5,000.
Barry experienced the following sales of stock and other property during the 2019 tax year. Additionally, Barry has a long-term capital loss carryover of $5,000. Excluding the sales noted below, Barry (single) also has ordinary taxable income of $155,000. What is Barrys total tax liability for 2019?
| Asset | Acquisition Date | Disposition Date | Basis | Proceeds |
| Stock 1 | 1/1/2010 | 2/15/2019 | $6,800 | $12,500 |
| Stock 2 | 2/2/2012 | 2/28/2019 | $15,900 | $2,000 |
| Stock 3 | 10/30/2018 | 3/15/2019 | $15,000 | $22,500 |
| Stock 4 | 11/30/2018 | 12/15/2019 | $9,000 | $7,500 |
| Collectible Antique Vase | 5/5/2015 | 8/30/2019 | $25,000 | $35,000 |
| Land held for Investment | 9/25/2009 | 9/14/2019 | $120,000 | $160,000 |
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