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Exercise 6 (15 Points) During 2019, William sold the following capital assets: Description Date Purchased ABC Stock 123 Bond Fund Dune buggy Land held as

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Exercise 6 (15 Points) During 2019, William sold the following capital assets: Description Date Purchased ABC Stock 123 Bond Fund Dune buggy Land held as an investment Calculate the following: a. Total short-term capital gain/loss realized for tax purposes 05-05-2015 11-07-2018 06-12-2014 Date Sold 08-03-2019 02-25-2019 09-29-2019 04-21-2019 Sales Price $500 $2,000 $2,400 $4,000 10-09-2006 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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