Question: During the year, Eugene had the four property transactions summarized below. Eugene is a collector of antique glassware and occasionally sells a piece to get
During the year, Eugene had the four property transactions summarized below. Eugene is a collector of antique glassware and occasionally sells a piece to get funds to buy another. Property Date Acquired Date Sold Adjusted Basis Sales Price Antique vase 06/18/13 05/23/24 $37,000 $42,000 Blue Growth Fund 12/23/15 11/22/24 22,000 38,000 (100 shares) Orange bonds 02/12/16 04/11/24 34,000 42,000* Green stock 02/14/24 11/23/24 11,000 13,000 (100 shares) *The sales price included $750 of accrued interest. a. What are the amount and nature of the gain or loss from each of these transactions? Property Type of Gain or Loss Amount Antique vase $fill in the blank 2 Blue Growth Fund $fill in the blank 4 Orange bonds $fill in the blank 6 Green stock $fill in the blank 8 b. How is the accrued interest on the Orange bonds treated by Eugene for tax purposes? The amount is reported as
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