Question: During 2 0 2 3 , Chaps McGee, S . S . # 2 5 2 - 8 6 - 1 8 3 7 ,

During 2023, Chaps McGee, S.S.# 252-86-1837, completed the following stock transactions:
200 shs Walmart (date acquired:07/10/10 date sold:04/28/23); sale price: 15325, cost: $2625
100 shs Blue Sky (date acquired: 10/02/22 date sold:09/17/23); sale price: $3040, cost: $8200
600 shs Lowes (date acquired: 106/04/23 date sold:12/21/23) ; sale price : $10950, cost: $9870
In addition to the above transactions,
Mr. MeGee also had the following items related to the preparation of his 2023 tax return:
1. A short-term capital loss carryforward from 2022 of $4600
2.On June 19,2017 Mr.McGee purchased one acre of land as an investment, located in Gwinnett County, Georgia, at the intersection of Sugarloaf Parkway and Old Narcross Road. He paid $390,000, plus closing costs of 5100. On September 30,2023, he sold this acre for $560,000, less a 10% real estate commission.
3. Mr. McGee is also a partner in Three Dogs Enterprises, a partnership. His share of the partnership's long-term capital loss is $5200.
4. Mr McGee received a capital gain distribution of $350 during 2023 from the Vanguard Wellington Mutual Fund.
Requirements:
1. Complete Mr. McGee's 2023 Schedule D (assume cost basis was reported to the IRS) and Form 8949. The forms must be hand written using a pencil. 2. How will Mr. McGee's gain or loss affect his 2023 tax calculation? If it is a loss, how much of the loss is deductible? If it is a gain, how will the gain be taxed? Give a detailed answer.
pleae provide detailed calculation and explantion for better understanding

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