During $2023,$ Chaps McGee, S$.$S$.$# $252-86-1837,$ completed the following stock transactions:

In addition to the above transactions, Mr$.$ McGee also had the following items related to the preparation of

his $2023$ tax return:

A short$-$term capital loss carryforward from $2022$ of $$4,600$

On June $19,2017$ Mr$.$ McGee purchased one acre of land as an investment, located in Gwinnett

County, Georgia, at the intersection of Sugarloaf Parkway and Old Norcross Road. He paid

$$390,000,$ plus closing costs of $$5,100.$ On September $30,2023,$ he sold this acre for $$560,000,$

less a $10\%$ real estate commission.

Mr$.$ McGee is also a partner in Three Dogs Enterprises, a partnership. His share of the partnership's

long$-$term capital loss is $$5,200.$

Mr$.$ McGee received a capital gain distribution of $$350$ during $2023$ from the Vanguard Wellington

Mutual Fund.

Requirements:

Complete Mr$.$ McGee's $2023$ Schedule D $($assume cost basis was reported to the IRS$)$ and Form

The forms must be hand written using a pencil.

How will Mr$.$ McGee's gain or loss affect his $2023$ tax calculation? If it is a loss, how much of the

loss is deductible? If it is a gain, how will the gain be taxed? Give a detailed answer.