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The column on the left describes capital asset transactions of an individual taxpayer during 2019. The column on the right lists possible tax treatments of

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The column on the left describes capital asset transactions of an individual taxpayer during 2019. The column on the right lists possible tax treatments of the capital asset transactions on the left. Fill in the letter of the tax treatment on the right which you think best matches the capital asset transaction described on the left. Some tax treatments may be used more than once; others may not be used at all. (1 point each) Taxpayer sold land held for investment for $23,000. The taxpayer purchased the land nine months ago as an investment for $20,000. 1. $3,000 short-term capital gain. 2. $3,000 short-term capital loss. 3. $3,000 long-term capital gain. Taxpayer sold stock for $20,000. The taxpayer purchased the stock three years ago for $23,000. 4. $3,000 long-term capital loss. Taxpayer sold land held for investment for $23.000. The taxpayer purchased the land nine months ago as an investment for $20,000. 1. $3,000 short-term capital gain. 2. $3,000 short-term capital loss. 3. $3,000 long-term capital gain. Taxpayer sold stock for $20,000. The taxpayer purchased the stock three years ago for $23,000. 4. $3,000 long-term capital loss. 5. $3,000 nondeductible loss. Taxpayer sold a personal use auto for $20,000. The taxpayer purchased the auto two years ago for $23,000

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