Exercise $17-28($Algorithmic$)($LO$.4)$

Enzo is a single taxpayer with the following gains and losses for $2023$:

$$10,900$ short$-$term capital loss.

$$119,900$ long$-$term capital gain from sale of stock.

$$65,4001231$ gain that is all unrecaptured $1250$ gain.

What is the amount and character of Enzo's gain or loss?

Enzo's net long$-$term capital gain $$ is $

X and his potential unrecaptured $1250$ gain that is subject to the $25\%$

tax rate is $

$x.$