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During 2019, William sold the following capital assets: Exercise 6 (15 Points) During 2019, William sold the following capital assets: Description ABC Stock Date Purchased

During 2019, William sold the following capital assets:

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Exercise 6 (15 Points) During 2019, William sold the following capital assets: Description ABC Stock Date Purchased Date Sold Sales Price 123 Bond Fund 05-05-2015 08-03-2019 $500 11-07-2018 $2,000 Dune buggy 02-25-2019 $2,400 Land held as an 06-12-2014 09-29-2019 investment 10-09-2006 04-21-2019 $4,000 Calculate the following: a. Total short-term capital gain/loss realized for tax purposes b. Total long-term capital gain/loss realized for tax purposes c. Deductible capital gain/loss d. The amount and nature (short-term or long-term) of his capital loss carryforward e. Assuming that William has no capital gain or loss for 2020, how much can he deduct in 2020 and what is the amount and nature of any carryforward to 2021

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