Chapter $31,$ G$\mathrm{.}1$

Taxpayer owns and operates a novelty store. Which of the following assets are capital assets?

a$.$ Store inventory

b$.$ land on which the store is located.

c$.$ building in which the store is located.

d$.$ cash register

e$.$ copy machine.

f$.$ paper for the copy machine

g$.$ cleaning supplies

Chapter $31,$ G$\mathrm{.}6$

Taxpayers sold the following capital assets during the year:

Asset # $1$: $$50,000$ long term capital loss

Asset # $2$: $$10,000$ long term capital loss

Asset # $3$: $$10,000$ short term capital loss

What is the net amount taxpayer must report on her tax return?

Chapter $31,$ G$\mathrm{.}7$

Taxpayers sold the following capital assets during the year:

Asset # $1$: $$60,000$ long term capital gain

Asset # $2$: $$10,000$ long term capital loss

Asset # $3$: $$50,000$ short term capital gain

Asset # $4$: $$30,000$ short term capital loss

What is the net amount taxpayer must report on her tax return?

Chapter $31,$ G$\mathrm{.}11$

Taxpayer sold Investco stock and realized a long$-$term capital loss of $$20,000.$ She also earned $$50,000$ from her job as a real estate agent. The following year, she did not sell anymore stock but earned $$50,000$ from her job as a real estate agent. What are the tax consequences to taxpayer in each year?