Question: Question Completion Status: L A Click Submit to complete this assessment. Question 5 A taxpayer has the following gains and losses from his security trading

Question Completion Status: L A Click Submit to complete this assessment. Question 5 A taxpayer has the following gains and losses from his security trading for this year: Short-term capital gain - $30,000 Long-term capital gain - $10,000 Short-term capital loss - $1,500 What is the taxpayer's reportable capital gain for the year? Short-term capital gain - $30,000 Long-term capital gain - $8,500 Ob. Short-term capital gain - $38,500 Short-term capital gain - $28,500 Oc Long-term capital gain - $10,000 d. Long-term capital gain - $38,500 Click Submit to complete this assessment. otv Moving to another question will save this response. Question 4 estion 4 10 points Save A taxpayer owns 100 shares of XYZ stock with a basis of $700. The shares are sold for $625. The taxpayer then purchases 100 shares of XYZ stock 30 days later for $650. What is the taxpayer's basis in the new XYZ stock? $650 $725 b $625 d $700 Moving to another question will save this response Question 4 of 5 tv w MacBook Pro Q 5 3 % 5 6 7 8 E R T Y U o F G H J C V . N . command option
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