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Problem 4-3 What is a Capital Asset?, Holding Period, Calculation of Gain or Loss, Net Capital Losses (LO 4.1, 4.2, 4.3, 4.5) Charu Khanna received

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Problem 4-3 What is a Capital Asset?, Holding Period, Calculation of Gain or Loss, Net Capital Losses (LO 4.1, 4.2, 4.3, 4.5) Charu Khanna received a Form 1099-B showing the following stock transactions and basis during 2019: Stock Date Date Sold Sales Cost Purchased Price Basis 4,000 shares Green Co. 06/04/08 08/05/19 $12,000 $3,000 500 shares Gold Co. 02/12/19 09/05/19 62,000 54,000 18,000 5,000 shares Blue Co. 02/04/09 10/08/19 22,000 100 shares Orange Co. 11/15/18 07/12/19 19,000 18,000 None of the stock is qualified small business stock. The stock basis was reported to the IRS. Calculate Charu's net capital gain or loss using Schedule D and Form 8949. Note: Enter all amounts as positive numbers except for "loss". If required, enter a "loss" as a negative number on the tax form. If an amount is zero, enter "0". If the answer is "Not applicable", select "NA" from the drop-down list

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