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FOR 2021 34) Scott Bean is a computer programmer and incurred the following transactions last year. Basis Purchased Sold Provo City Bonds* Cisco Preferred Stock
FOR 2021
34) Scott Bean is a computer programmer and incurred the following transactions last year. Basis Purchased Sold Provo City Bonds* Cisco Preferred Stock Dreyer's Grand Ice Cream Stock Novell Common Sales Price $ 10,400 24,200 14,400 $ 5,200 6,400 10,200 11/1/2017 7/15/2012 7/1/2020 5/2/2021 1/12/2021 4/20/2021 IBM Stock 2,200 4,200 6,800 6,100 9,200 3,400 9,200 2/12/2018 8/2/2009 5/30/2019 11/29/2021 5/2/2021 10/20/2021 ABC Common Prior-Year ST Capital Loss Carryforward Prior year LT Capital Loss Carryforward 5,200 *Purchased when originally issued by Provo City. What is the net short-term capital gain/loss reported on the 2021 Schedule D? What is the net long-term capital gain/loss reported on the 2021 Schedule D? What amount of capital gain is subject to the preferential capital gains rateStep by Step Solution
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