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Sarah, single, sold the below property during 2020. None of the property was sold to a related party or in a wash sale. Apart
Sarah, single, sold the below property during 2020. None of the property was sold to a related party or in a wash sale. Apart from any capital gains or losses, Sarah's only other taxable income in 2020 is $10,000, all of which is from wages. Adjusted Amount Property Basis Realized Sale of personal-use car held 2 years $18,000 $12,000 Stock F held for 6 months $5,000 $3,000 $6,000 $3,000 Stock G held for 3 months Stock H held for 5 years $7,000 $13,000 Stock I held for 3 months $5,000 $8,000 Which of the following is most accurate? Sarah has a net capital loss, but she can only deduct $3,000 of her net capital loss in 2019 Sarah has a net short-term capital loss which is taxed at her ordinary income tax rates Sarah has a net capital gain, all of which is taxed at 0% O Sarah has a net capital loss, all of which is deductible in 2019 O Sarah has a net capital gain which is taxed at 0% and net short-term capital gain which is taxed at the same rate as her ordinary income
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