eBook Calculator Print item During the year, Inez, a single individual, recorded the following transactions involving capital assets. Gain on the sale of unimproved land (held as an investment for 3 years) Loss on the sale of a camper (purchased 2 years ago and used for family vacations) Gain on the sale of ADM stock (purchased 9 months ago as an investment) Gain on the sale of a fishing boat and trailer (acquired 18 months ago at an auction and used for recreational purposes) $3,000 (5,000) 4,000 1,000 a. Indicate the tax treatment for each item. Gain on the sale of unimproved land Loss on the sale of a camper Gain on the sale of ADM stock Gain on the sale of a fishing boat and trailer Long-term capital gain Not deductible Short-term capital gain Long-term capital gain of $ of $ Overall, Inez has a long-term capital gain 4,000 and a short-term capital gain 4,000 b. Ir Inez has taxable income (including the property transactions) of $178,000, what is the income tax regarding these transactions? 1 ,880 5 Ir Inez has taxable income (including the property transactions) of $35,000, what is the income tax regarding these transactions? 4 ,489.5 5