Matt and Meg Comer are married. They do not have any children. Matt works as a history professor at a local university and earns a salary of $65,000. Meg works part-time at the same university. She earns $41,000 a year. The couple does not itemize deductions. Other than salary, the Comers only other source of income is from the disposition of various capital assets (mostly stocks). What is the Comers tax liability for 2020 if they report the following capital gains and losses for the year?

Short-term capital gains $9,000

Short-term capital losses ($2,000)

Long-term capital gains $15,000

Long-term capital losses ($6,000)

Christopher sold 100 shares of Cisco stock for $4,500 in the current year. He purchased the shares several years ago for $2,700. Assuming his marginal ordinary income tax rate is 24 percent, and he has no other capital gains or losses, how much tax will he pay on this gain?

Rubio recently invested $20,000 (tax basis) in purchasing a limited partnership interest. His at-risk amount is $15,000. In addition, Rubios share of the limited partnership loss for the year is $22,000, his share of income from a different limited partnership was $3,000, and he had $40,000 in wage income and $10,000 in long-term capital gains. How much of Rubios $22,000 loss from the limited partnership can he deduct in the current year considering all limitations?

Anwar owns a rental home and is involved in maintaining it and approving renters. During the year he has a net loss of $8,000 from renting the home. His other sources of income during the year were a salary of $111,000 and $26,000 of long-term capital gains. How much of Anwars $8,000 rental loss can he deduct currently if he has no sources of passive income? (Enter your answer as a positive)