What is the correct answer to the Taxation questions from 11 to 14

HORT ANSWER. Show your calculation and write your anser cearly in the answer spac provided (each worth 3 points). Victor,acalendar-year tanpaye. owns 100 shares of AB Corporation stock which was parchand thre years ago for $5,000. Victor sells all 100 shares on December 27, of the urrent year, tor January S, of the following year, loss? $4,000 and on er purchases 60 shares of AB Corporation stock What is Victor's recognized Answer ) nMarch of the current year, Marcus began investigating the possibility of opening a specialty clothing n consulting fees to find the Although he $2300 on a market survey, $2.700 store. From March through June, he spent est location and $3,600 in professional fees setting up an accounting and inventory system. had never run his own business before, on August 1 he opened his doors for business. amount of deduction for the current year attributable to these expenditures? What is the total Answer 3) Maria pays the following legal and accounting fees during the year I fees in connection with I fees related to fees related to tax of her business of related to charitable contribution deductions ax retum ax retun ration fees: Allocable to aration fees: Allocable to of business taxes of remainder of return What is the total amount of her for AGI deduction for these feest Answer 14) Dale gifted property with a basis of $16,000 to Sarah when it had a FMV of $12,000. No gift taxes were due. Sarah sold the property two years later for $22,000. What is the amount of Sarah's recognized gain or loss on sale