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In 2022, Zach and his wife, Katie, had combined income of $118,000 before their investment Iransactions (below) and they fite a joint tax return. Investment

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In 2022, Zach and his wife, Katie, had combined income of $118,000 before their investment Iransactions (below) and they fite a joint tax return. Investment and other transactions in 2022. - In Apir of the previous year he invested $80,000 in stock for his buddy's business even though Zach's wife was against the investment. The money was her inheritance from her parents. The stock for the company qualified as Section 1244 stock and was worthless by the end 2021. Show the amount of this loss that would be classified as ordinary loss Short term capital loss (STCL) or Long-term capital loss (LTCL) - He loaned another frend $6,000 two years ago and this firend declared bankruptcy in 2022 . Show how much of this loss woukd be classified as ordinary BCC. or LTCL. - Other investments sold resulted in short-term capital gains of $1,000 and long-term capital losses of $11,000 For all numeric answers, enter as whole dollars, no commas, no decimals, no brackets or negatives for losses. For zero, be sure to enter the numeral o, not the word zero or none or you will be marked wrong. 1. Provide the totals of Zach and Katie's gains and losses according to the following: Total Ordinary loss Total Net short-term capital loss Total net long-term capital loss 2. Zach and Katie's adiusted gross income after all of investinent transactions are included 3. What amount of short-tem capital losses will Zach and Katie cany to 2023 ? What amount of long term capital losses will Zach and Katue carry to 2023

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