Question 18 Sookie had the following property transactions in 2020: Holding Sales Period Price Cost Sold stock in ABC corp. . Sold inventory used in business Sold stock in XYZ corp. Sold a personal use car . Sold stock in FBN corp. 6 years $ 10.000 2 years $ 2,000 6 months $ 3,000 5 years $ 4,000 3 years $ 5,000 $3,000 $ 1.000 $5,000 $ 10,000 $ 20,000 How much capital loss will Sookie deduct in 2020 due to these transactions and how much capital loss will she carry forward to 2021? Deduct $3,000 and carry over 7,000 as a long-term capital loss Deduct $3,000 and carry over a 2.000 short term capital loss and a $5,000 long term capital loss. Deduct $3,000 and carry over 13.000 as a long-term capital loss Deduct $3,000 and carry over a 2.000 short term capital loss and a $ 11.000 long term capital loss Deduct $3,000 and carry over a 2.000 short term capital loss and a $ 4,000 long term capital loss. Previous Gabby is a cash basis taxpayer and had has the following 2020 investment activity: Interest: $5,000 in interest received on a corporate bond. $ O interest received on an original issue discount bond. The OID interest accrual is $360. $500 paid as purchased interest on a corporate bond purchased on 11/1/20. Gabby received $1,500 in interest on 5/1/21. Dividends: $ 2,000 received from Microsoft, a US company. Gabby held this stock for 3 years. $1,000 received from ABC Inc, a US company, Gabby held this stock for 6 months. $3,000 received from XYZ limited, a foreign company not listed on any US stock exchanges. On 9/1/20, Gabby received 90 shares of DEF company, a US company. This represents a 10% proportional stock dividend to all DEF shareholders. The market price of DEF was $ 100 per share on the date of this stock dividend. Gabby acquired 900 shares of DEF in 2010 for $ 45,000. Part a (3 points): How much interest income will Gabby recognize in 2020 for federal income tax purposes. Part b (3 points: How much Dividend Income will Gabby recognize in 2020 for federal income tax purposes? Partc (3 points: How much of the dividend income is considered "Qualified Dividends"? Part d (3 points). Assume that on 12/20/20. Gabby sells the 90 shares of DEF stock that she received on 9/1/20. Gabby sells these 90 shares for $ 110 per share. Calculate Gabby's gain or loss on this sale. Part e. (1 point) is the gain for loss) in part d short term or long term? Clearly label your answers (by part). BIVAA. I. E E2 1 * B. 2 VE 11TH 12pt Paragraph