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.

Property	Adjusted Basis	Amount Realized
Sale of personal-use car held 2 years	$18,000	$12,000
Stock F held for 6 months	$5,000	$3,000
Stock G held for 3 months	$6,000	$3,000
Stock H held for 5 years	$7,000	$13,000
Stock I held for 3 months	$5,000	$8,000

a- After the netting process, what is the amount of Sarahs net capital gain or loss? Enter gain as a positive number, and enter loss as a negative number.

b- Same facts as previous question. Which of the following is most accurate?

1-Sarah has a net capital loss, all of which is deductible in 2019

2-Sarah has a net short-term capital loss which is taxed at her ordinary income tax rates

3-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

4-Sarah has a net capital gain, all of which is taxed at 0%

5-Sarah has a net capital loss, but she can only deduct $3,000 of her net capital loss in 2019

c- Same facts as previous two questions. However, assume for this question and the next question that, in addition to the sale of her personal-use car and Stocks F through I, Sarah also sold Stock J for a $6,000 short-term capital gain in 2020.

After the netting process, Sarah would have -------------- net long-term capital gain (note: NLTCG becomes her NCG) and-------------- net short-term capital gain.

Enter your answer as numbers only; no commas and no "$". For example, $2,000 should be entered as 2000

d- Same facts as previous question. Which tax rate or rates apply to Sarah's capital gains (include the rate(s) applicable to both her NCG and her NSTCG)? Remember that Sarah has $10,000 in taxable income from wages.

Select all that apply.

32%

0%

37%

24%

15%

20%

22%

25%

12%