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Murphy Smith has the following stock transactions for 2017. Name Date Purchased Basis Date Sold Sales Proceeds Apex Corp. 1/23/1986 7,250 7/22/2017 4,500 Blue Corp.
Murphy Smith has the following stock transactions for 2017.
Name | Date Purchased | Basis | Date Sold | Sales Proceeds |
Apex Corp. | 1/23/1986 | 7,250 | 7/22/2017 | 4,500 |
Blue Corp. | 4/20/2017 | 14,000 | 9/13/2017 | 17,500 |
Coral Corp. | 8/23/2010 | 10,750 | 10/12/2017 | 15,300 |
Diamond Corp | 5/19/2017 | 5,230 | 10/12/2017 | 12,400 |
Electric Corp. | 8/20/2017 | 7,300 | 11/14/2017 | 3,500 |
Based on the information in above table, answer the following questions: (a) What is Murphys net short-term capital gain or loss from these transactions? (b) What is Murphys net long-term capital gain or loss from these transactions? (c) What is Murphys net gain or loss from these transactions? (d) Based on (a) through (c), complete Murphys Schedule D.
ONLY NEED SCHEDULE D*****
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