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Scott Bean is a computer programmer and incurred the following transactions last year. Sales Basis Purchased Sold Price Provo City Bonds* Cisco Preferred Stock Dreyer's
Scott Bean is a computer programmer and incurred the following transactions last year. Sales Basis Purchased Sold Price Provo City Bonds* Cisco Preferred Stock Dreyer's Grand Ice Cream Stock Novell Common IBM Stock ABC Common Prior-Year ST Capital Loss Carryforward Prior year LT Capital Loss Carryforward $ $ 5,000 10,000 25,000 14,000 2,000 4,000 6,000 5,500 5,000 6,000 10,000 11/1/2019 5/2/2023 7/15/2014 1/12/2023 7/1/2022 4/20/2023 10,000 2/12/2010 11/29/2023 3,000 8/2/2011 5/2/2023 9,000 5/30/2021 10/20/2023 *Purchased when originally issued by Provo City. What is the net short-term capital gain or loss reported on the 2023 Schedule D? What is the net long-term capital gain or loss reported on the 2023 Schedule D? What amount of capital gain is subject to the preferential capital gains rate?
can someone please help explain this to me
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