help! part B

Liana Amiri (single with no dependents) has the following transactions in 2021: AGI (exclusive of capital gains and losses) $540,000 Long-term capital gain 22,000 Long-term capital loss (8,000) Short-term capital gain 19,000 Short-term capital loss (23,000) a. What is Liana's net capital gain or loss? Liana has a net long-term capital gain of 14,000 V and a net short-term capital loss 4,000. As a result, she has an overall net capital gain er of 10,000 of Feedback Check My Work The tax law requires capital gains and capital losses to be separated from other types of gains and losses. There are two rea treatment. First, long-term capital gains may be taxed at a lower rate than ordinary gains. The second reason the Code requ reporting of gains and losses and a determination of their tax character is that a net capital loss is only deductible up to $3, b. Complete the letter to Llana describing how the net capital gain or loss will be treated on her tax return. Note that Lana's incom other sources puts her in the 37% tax bracket. If required, round your answer to one decimal place. SWFT, LLP 5191 Natorp Boulevard Menn NH Enan Check My Work 3 more Check My Work uses remaining. b. Complete the letter to Liana describing how the net capital gain or loss will be treated on her tax return. Note that Lana's income from other sources puts her in the 37% tax bracket. If required, round your answer to one decimal place. SWFT, LLP 5191 Natorp Boulevard Mason, OH 45040 March 17, 2022 Ms. Liana Amiri 300 Ireland Avenue Shepherdstown, WV 25443 > Dear Ms. Amir: The purpose of this letter is to discuss the result of your stock transactions for 2021. You had net of long-term capital gains and of capital losses. Subtracting the of losses from the of results in a net capital gain. The $ net capital gain and the details of your stock transactions be reported on the Schedule D attached to your Form 1040. The s net capital for the alternative tax on capital gains and will be taxed at a % rate, rather than at your marginal tax rate of 37%