One question many parts

1. jack (who is single) had the following transactions in stock on December 31, 2021:

1. sale of IBM stock for 10,000. He had originally bought it for 20,000 two years before. Selling commissions were 1,000. The tax impact of this transaction is:_________________________

2. sale of GM bonds for 5,000. he bought them on January 1^st that year for $2000.

The tax impact of this transaction is:_________________________

3. Refer to transaction a; also he bought IBM stock for 10,000 on January 20 of the NEXT YEAR The tax impact of this transaction is:_________________________

4. He also sold some raw land on December 31 for 100,000. He had inherited it from his aunt on January 1^st. His aunt bought the land for 20,000 ten years ago. At the time of her death it was worth 90,000. There had been $1,000 of estate taxes paid on it. The tax impact of this transaction is:_________________________

5. He sold a painting in December for $200,000. He had acquired it as a gift from his uncle last year. At the time of the gift, it was worth $100,000, and the uncle paid $10,000 of gift taxes. The uncle had bought it 2 years ago for $30,000. The tax impact of this transaction is:_________________________

6. He sold stock to his son for $10,000 in December, when his adjusted basis was $40,000. He had bought the stock 2 years earlier. The tax impact of this transaction is:_________________________

7. The overall tax consequences of the above for jack are __________________________________________________