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Compute gain or loss for 2019 for Bob. At the end of 2018, after considering losses allowed for that year, Bob had long term loss

Compute gain or loss for 2019 for Bob.

At the end of 2018, after considering losses allowed for that year, Bob had long term loss of 21,000 and short term loss of 4,500.

Bob had the following ttransactions:

January 15, 2016 purchased 500 shares ABC for 10,000. January 31, 2019 sold 250 shares for 6,500. July 1, 2019 sold 250 shares for 4,200.

In 2005 he bought a picture at a tag sale for $200 because it looked interesting. a friend who "knows" art saw the picture and recognized the artist. At eh friend's suggestion Bob called an art gallery and in June 2019 the gallery sold the gallery sold the picture on auction. Sale price 9,000 less gallery commission of 15%.

On February 10, 2019 he purchased 1,000 shares DEF for 12,000. On August 30, 2019 he sold all shares for 10,000.

On July 1, 2018 he purchased 100 shares of GHI for 2,000. On May 1, 2019 the directors of GHI were charged with criminal money laundering, fraud and tax evasion. Trading of GHI was suspended.

Compute total gain or loss for Bob and what he will reflect on his 2019 tax return.

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