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(Solved): Scott Bean is a computer programmer and incurred the following transactions last year. Sales Price ...



Scott Bean is a computer programmer and incurred the following transactions last year. Sales PriceBasisPurchasedSoldProvo City Bonds*Footnote asterisk$ 10,000$ 5,00011/1/20205/2/2024Cisco Preferred Stock25,0006,0007/15/20151/12/2024Dreyer's Grand Ice Cream Stock14,00010,0007/1/20234/20/2024Novell Common2,00010,0002/12/202111/29/2024IBM Stock4,0003,0008/2/20125/2/2024ABC Common6,0009,0005/30/202210/20/2024Prior-Year ST Capital Loss Carryforward5,500 Prior year LT Capital Loss Carryforward5,000 *Footnote asteriskPurchased when originally issued by Provo City. What is the net short-term capital gain or loss reported on the 2024 Schedule D? What is the net long-term capital gain or loss reported on the 2024 Schedule D? What amount of capital gain is subject to the preferential capital gains rate?



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