Please help me with question C blank 16 and 21 thanks.

Problem 4-47 (L0. 6) Sam Upchurch, a single taxpayer, acquired stock in Hummer Corporation that qualied as a small business corporation under 1244, at a cost of $100,000, three years ago. He sells the stock for $10,000 in the current tax year. a. What is the tax treatment of Sam's loss?I Sam would have a capital loss of $ 40,000 v' and an ordinary of loss of '2 50,000 9' for tax purposes Feedback ' Check My Work In an exception to the capital treatment that generally results, 1244 permits ordinary loss treatment for losses on the sale or worthlessness of stock of so-called small business corporations. By placing shareholders on a more nearly equal basis I.yith proprietors and partners in terms of the tax treatment of losses, the provision encourages investment of capital in small corporations. Gain on the sale of 1244 stock remains capital. b. Assume instead that Sam sold the stock to his sister, Kara Upchurch, a few months after it was acquired for $100,000 (its fair market value]. If Kara sells the Hummer stock for $60,000 in the current year, how should she treat the loss for tax purposes? She will treat the loss as a Capital V v' loss of $ 40,000 v' for tax purposes. Feedback 7 Check My Work Correct No. Complete the rest of Form 1040, 1040-SR, or 1040-NR. Schedule D (Form 1040) 2021C. Enter the results of this transaction for Kara on Form 1040, Schedule D (p. 1) for the tax year 2021. Assume that relevant facts from the transaction initially had been shown on Form 8949 with Box F checked. If required, use the minus to indicate a loss. . If an amount is zero, enter "0". SCHEDULE D OMB No. 1545-0074 Capital Gains and Losses (Form 1040) Attach to Form 1040, 1040-SR, or 1040-NR. 2021 Department of the Treasury > Go to www.irs.gov/ScheduleD for instructions and the latest information. Attachment Internal Revenue Service (99) Use Form 8949 to list your transactions for lines 1b, 2, 3, 8b, 9, and 10. Sequence No. 12 Name(s) shown on return Your social security number Karen Upchurch 123-45-6789 Did you dispose of any investment(s) in a qualified opportunity fund during the tax year? - Yes = No If "Yes," attach Form 8949 and see its instructions for additional requirements for reporting your gain or loss Part I Short-Term Capital Gains and Losses-Generally Assets Held One Year or Less (see instructions) (h) Gain or See instructions for how to figure the amounts to enter on the lines (9) (loss) below. Adjustments to Subtract column (d) (e) gain or loss from (e) from column Proceeds (sales Cost (or other Form(s) 8949, This form may be easier to complete if you round off cents to whole (d) and combine price) basis) Part I, line 2, dollars. the result with column (g) column (9) la Totals for all short-term transactions reported on Form 1099-B for which basis was reported to the IRS and for which you have no adjustments (see instructions). However, if you choose to report all these transactions on Form 8949, leave this line blank and go to line 1b . . . . 1b Totals for all transactions reported on Form(s) 8949 with Box A checked . . . . 2 Totals for all transactions reported on Form(s) 8949 with Box B checked . . . 3 Totals for all transactions reported on Form(5) 8949 with Box C checked . .4 Short-term gain from Form 6252 and shortterm gain or (loss) from Forms 4684, 6?81, and 8824 . . . . . . . . . . 5 Net short-term gain or {loss} from partnerships. S corporations, estates, and trusts from Scheduleis) Kl . . . . 6 Short-term capital loss carryover. Enter the amount, if any, from line 8 of your Capital Loss Carryover l.l'll'orksheetintheinstructions........................................................ 7 Net shortterm capital gain or (loss). Combine lines La through 5 in column (h). Ifyou have any long-term capital gains or losses, go to Part 11 below. Otherwise, go to Part .II on the back. . . . . . . . . . . . . . . . . . . .. II" Part II LongTerm Capital Gains and LossesGenerally Assets Held More Than One Year {see instructions]I (h) Gain or See instructions for how to figure the amounts to enter on the lines {9} \"055) r Ad'ustments to bEIOH- .1 Subtract column (d) (e) gain or loss from r ] f I re rom co umn Proceeds (sales Cost (or other Form[s) 3949. 'd' d b' This form mayr be easier to complete if you round off cents to whole price] basis) Part 11, line 2, i \"I an com .me the result with dollars. column (9] column (g) 8a Totals for all longterm transactions reported on Form 10993 for which basis was reported to the IRS and for which you have no adjustments (see instructions]. However, if you choose to report all these transactions on Form 8949, leave this line blank andgotolineBb....................... 8b Totals for all transactions reported on Form(s} 3949 with Box D checked Totals for all transactions reported on Form(s]I 3949 with Box E checked................................... 10 Totals for all transactions reported on Form(s} 8949 with Box F checked.................................... 60,D||IDU,DOD|v' "40'000i'( 11 Gain from Form 439?, Part I: longterm gain from Forms 2439 and 5252'. and long-term gain or [loss] from Forms4684.6?81.and8824......................................................... 12 Net longterm gain or {loss} from partnerships, S corporations, estates, and trusts rom Schedule-(s) Kl . . . . 13 Capitalgaindistributions.Seetheinstructions............................................. 14 Long-term capital loss carryover. Enter the amount, if any, from line 13 of your Capital Loss Carryover Worksheetintheinstructions........................................................ 15 Net long-term capital gain or (loss). Combine lines Ba through 14 in column [h]. Then. go to Part III on the back l40.000| Part III 16 Combine lines 7 and 15 and enter the result . . . . . 16 If line 16 is a gain, enter the amount from line 16 on Form 1040, 1040-SR, or 1040-NR, line 7. Then, go to line 17 below. If line 16 is a loss, skip lines 17 through 20 below. Then, go to line 21. Also be sure to complete line 22. If line 16 is zero, skip lines 17 through 21 below and enter -0- on Form 1040, 1040-SR, or 1040-NR, line 7. Then, go to line 22. 17 Are lines 15 and 16 both gains? Yes. Go to line 18. No. Skip lines 18 through 21, and go to line 22. 18 If you are required to complete the 28% Rate Gain Worksheet (see instructions), enter the amount, if any, from line 7 of that worksheet . . . . . . 19 19 If you are required to complete the Unrecaptured Section 1250 Gain Worksheet (see instructions), enter the amount, if any, from line 18 of that worksheet . . . 19 20 Are lines 18 and 19 both zero or blank and are you not filing Form 4952? Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Forms 1040 and 1040-SR, line 16. Don't complete lines 21 and 22 below. No. Complete the Schedule D Tax Worksheet in the instructions. Don't complete lines 21 and 22 below. 21 If line 16 is a loss, enter here and on Form 1040, 1040-SR, or 1040-NR, line 7, the smaller of: . The loss on line 16; or 21 ($3,000), or if married filing separately, ($1,500) . . . . . ... . . . . . .. Note: When figuring which amount is smaller, treat both amounts as positive numbers. 22 Do you have qualified dividends on Form 1040, 1040-SR, or 1040-NR, line 3a? Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Forms 1040 and 1040-SR, line 16