Star-Lord and Gamora have taxable income of $412,000 (all ordinary) before considering the tax effect of their asset sales (shown below).What is their net capital gain/loss (be sure to show work for potential partial credit)?What is their tax liability for 2019 assuming they file a joint return?

Asset

Market Value

Tax Basis

Gain/loss

Held

Loki stock

12,500Market Value

3,900Tax Basis

< 1 year

Grout Stock

29,000Market Value

42,000Tax Basis

> 1 year

Hulk antique collection

185,000Market Value

95,000 Tax Basis

> 1 year

Thor stock

$60,000Market Value

$37,000Tax Basis

> 1 year

Wasp stock

39,000Market Value

36,000Tax Basis

< 1 year

Rogue stock

22,000Market Value

34,000Tax Basis

< 1 year

Asgard Rental House

370,000Market Value

210,000Tax Basis

> 1 year

Storm stock

77,300Market Value

63,600Tax Basis

> 1 year

$45,000 of the rental house gain is 25% gain (1250 subject to recapture)

The couple also had a $18,000 long term capital loss carryforward from prior years.

Tax Liability

Net capital Gain/Loss

Gain

Show your work/netting of gains and losses

Loki

Grout

Hulk

Thor

Wasp

Rogue

Asgard

Storm