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Susie is an art collector and files as single on her tax return. She has the following info for 2020: Salary $60,000 Qualified Dividends $5,000

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Susie is an art collector and files as single on her tax return. She has the following info for 2020: Salary $60,000 Qualified Dividends $5,000 Selling Price Acquisition notes 5/15/20 Sold A Corp Stock $2,000 Purchased 5/16/18 for $1,000 8/1/20 Sold B Corp Stock $5,000 Purchased 8/31/19 for $3,000 Sold C Corp 10/29/20 Stock $10,000 Inherited from her Uncle Rob on 2/1/20; Rob's original cost was $3,000 on 12/1/2019; FMV at death $8,000 4 parts to this question. Please label each answer clearly in your response. A. How much, if any, long term capital gain or loss does Susie recognize? B. How much, if any, short term capital gain or loss does Susie recognize? Selling Price Acquisition notes 5/15/20 Sold A Corp Stock $2,000 Purchased 5/16/18 for $1,000 8/1/20 Sold B Corp Stock $5,000 Purchased 8/31/19 for $3,000 Sold C Corp 10/29/20 Stock $10.000 Inherited from her Uncle Rob on 2/1/20; Rob's original cost was $3,000 on 12/1/2019; FMV at death $8,000 4 parts to this question. Please label each answer clearly in your response. A. How much, if any, long term capital gain or loss does Susie recognize? B. How much, if any, short term capital gain or loss does Susie recognize? C. What is Susie's AGI? D. What is Susie's tax liability? Salary $60,000 Qualified Dividends $5,000 Selling Price Acquisition notes 5/15/20 Sold A Corp Stock $2,000 Purchased 5/16/18 for $1,000 8/1/20 Sold B Corp Stock $5,000 Purchased 8/31/19 for $3.000 Sold C Corp 10/29/20 Stock $10,000 Inherited from her Uncle Rob on 2/1/20; Rob's original cost was $3,000 on 12/1/2019; FMV at death $8,000 4 parts to this question. Please label each answer clearly in your response

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