PLEASE ANSWER ALL FOUR OR DONT ANSWER AT ALL. Please and thank you.

Ellen loans Nicole $45,000 to start a hair salon. Unfortunately, the business fails in 2020 and she is unable to pay back Ellen. In 2020, Ellen also had $20,000 of income from her part-time job and $15,000 of capital gain from the sale of stock. How much of the $45,000 bad debt can Ellen claim as a capital loss in 2020?

a.$12,000, with $33,000 carried forward to 2020

b.$35,000

c.$18,000, with $27,000 carried forward to 2020

d.$0

e.$15,000, with $30,000 carried forward to 2020

Bennett purchased a tract of land for $20,000 in 2014 when he heard that a new highway was going to be constructed through the property and the land would soon be worth $200,000. The highway project was abandoned in 2020 and the value of the land fell to $15,000. Bennett can claim a loss in 2020 of:

a.$180,000

b.$5,000

c.$0

d.$165,000

e.None of these choices are correct.

Which of the following is true about capital gains?

a.Net short-term capital gains are not netted with net long-term capital losses.

b.Long-term capital gains are never taxed.

c.Short-term capital gains are not netted with other capital gains and losses.

d.Long-term capital gains are subject to special tax treatment.

e.None of these choices are correct.