Question: Please answer to only those marked red ( only those numbers are wrong ) Problem 1 - 2 9 A Brief Overview of Capital Gains

Please answer to only those marked red (only those numbers are wrong)Problem 1-29
A Brief Overview of Capital Gains and Losses (LO 1.8)
Compute the realized and recognized gain or loss for each of the following transactions and classify as short-term or long-term:
a. Marge, a single taxpayer, receives $8,000 for the sale of stock she purchased six years ago for $3,000.
b. Lisa, a single taxpayer, receives $3,000 for the sale of stock she purchased six months ago for $8,000.
c. Bart and Maggie, married filing jointly taxpayers, receive $3,000 for the sale of stock they purchased three years ago for $10,000.
d. Homer, a single taxpayer, receives $12,000 on the sale of his personal-use motorcycle. He purchased the motorcycle four months ago for $16,000.
e. Mo, a single taxpayer, receives $16,000 on the sale of his personal-use motorcycle. He purchased the motorcycle four years ago for $12,000.
For those boxes in which you must enter subtractive or negative numbers use a minus sign. (Example: -300)
 Please answer to only those marked red (only those numbers are

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