Question
sales Purchased price. Date Purchased Date Sold Cisco Preferred Stock 25,000 6,000 7/15/2012 1/12/2022 Dreyer's Grand Ice Cream Stock 14,000 10,000 7/1/2020 4/20/2022 Novell Common
sales Purchased price. Date Purchased Date Sold
Cisco Preferred Stock 25,000 6,000 7/15/2012 1/12/2022
Dreyer's Grand Ice Cream Stock 14,000 10,000 7/1/2020 4/20/2022
Novell Common Stock 2,000 10,000 2/12/2017 11/29/2022
Google Stock 4,000 3,000 8/2/2008 5/2/2022
ABC Common 6,000 9,000 8/10/2022 8/20/2022
ABC Common 8,000 12/30/2022
Prior-Year ST Capital Loss Carryforward (5,500)
Prior year LT Capital Loss Carryforward (5,000)
What is the 2022 end of year overall Capital Position? Be sure to include Character and amount. Show your work in order to receive credit (5pts).
please show this problem in details. would Dreyer's Grand Ice Cream be short or long term. it is over year.
From previous answers I was wondering how did you get -- ABC Common (2nd transaction): Capital loss = Purchase price - Sales price = $12,000 - $8,000 = $4,000
Looking at Common Stock Above how did you get answer $12,000-$8,000=$4,000 It doesn't say that has been sold yet?
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