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FOR THIS PROBLEM THE LAST TWO EXPERTS GAVE ME VALUES OF 1900 AND 4400 BUT IT CAME OUT TO BE WRONG ON MY SYSTEM OR

FOR THIS PROBLEM THE LAST TWO EXPERTS GAVE ME VALUES OF 1900 AND 4400 BUT IT CAME OUT TO BE WRONG ON MY SYSTEM OR IT COULD HAVE BEEN A GLITCH IN MY SYSTEM. CAN YOU PLEASE RE-CALCULATE AND GIVE ME A VERY DETAILED BREAK DOWN OF THE PROBLEM PLEASE.

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THE SHORT-TERM CAPITAL LOSS OF 1900 AND 4400 WAS WRONG FOR ME CAN YOU HELP RE-CALCULATE .

During 2021, your clients, Mr. and Mrs. Howell, owned the following investment assets: Investment Assets Date Acquired Purchase Price 300 shares of IBM common 11/22/2018 $ 10,410 200 shares of IBM common 4/3/2019 43,310 3,000 shares of Apple preferred 12/12/2019 153,000 2,100 shares of Cisco common 8/14/2020 53,100 420 shares of Vanguard mutual fund 3/2/2021 15,300 *No commissions are charged when no-load mutual funds are bought and sold. Broker's Commission Paid at Time of Purchase $ 100 300 1,300 550 No-load fund Because of the downturn in the stock market, Mr. and Mrs. Howell decided to sell most of their stocks and the mutual fund in 2021 and to reinvest in municipal bonds. The following investment assets were sold in 2021: Investment Assets Date Sold Sale Price 300 shares of IBM common 5/6 $ 14,300 3,000 shares of Apple preferred 10/5 222,000 2,100 shares of Cisco common 8/15 63,310 451 shares of Vanguard mutual fund 12/21 16,300 "No commissions are charged when no-load mutual funds are bought and sold. Broker's Commission Paid at Time of Sale $ 100 2,000 650 No-load fund The Howells' broker issued them a Form 1099-B showing the sales proceeds net of the commissions paid. For example, the IBM sales proceeds were reported as $14,200 on the Form 1099-B they received. In addition to the sales reflected in the table above, the Howells provided you with the following additional information concerning 2021: The Howells received a Form 1099-B from the Vanguard mutual fund reporting a $900 long-term capital gain distribution. This distribution was reinvested in 31 additional Vanguard mutual fund shares on 6/30/2021. In 2014, Mrs. Howell loaned $6,600 to a friend who was starting a new multilevel marketing company called LD3. The friend declared bankruptcy in 2021, and Mrs. Howell has been notified she will not be receiving any repayment of the loan. The Howells have a $2,900 short-term capital loss carryover and a $5,400 long-term capital loss carryover from prior years. The Howells did not instruct their broker to sell any particular lot of IBM stock. The Howells earned $3,300 in municipal bond interest, $3,300 in interest from corporate bonds, and $4,600 in qualified dividends. Assume the Howells have $145,000 of wage income during the year. Assume the Howells' short-term capital loss carryover from prior years is $82,900 rather than $2,900 as indicated above. If this is the case, how much short-term and long-term capital loss carryover remains to be carried beyond 2021 to future tax years? Short-term capital loss Long-term capital loss

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