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K Jim, a cash-basis taxpayer, sells the following marketable securities, which are capital assets during 2022. View the marketable securities. Determine whether the gains
K Jim, a cash-basis taxpayer, sells the following marketable securities, which are capital assets during 2022. View the marketable securities. Determine whether the gains or losses are long-term or short-term. Also determine the net capital gain and adjusted net capital gain for 2022. (Use parentheses or a minus sign for loss amounts.) Capital Gain/(loss) Long-term or short-term Asset Amount ABC capital gain/loss Marketable Securities - X Capital Asset Basis Date Acquired Trade Date in Sales 2022 Price A $ 36,000 Feb. 10, 2021 Aug. 12 $ 54,000 B 32,000 Dec. 5, 2021 May 2 15,000 C 38,000 Apr. 9, 2020 Dec. 10 40,400 Print Done
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