Question: Scott Bean is a computer programmer and incurred the following transactions last year. Provo City Bonds* Cisco Preferred Stock Dreyer's Grand Ice Cream Stock Novell

Scott Bean is a computer programmer and incurred the following transactions last year. Provo City Bonds* Cisco Preferred Stock Dreyer's Grand Ice Cream Stock Novell Common IBM Stock ABC Common Prior-Year ST Capital Loss Carryforward Prior year LT Capital Loss Carryforward Sales Price $ 10,400 24,200 14,400 2,200 4,200 6,800 6,100 5,200 Basis $ 5,200 6,400 10, 200 9,200 3,400 9, 200 Purchased Sold 11/1/2016 5/2/2020 7/15/2011 1/12/2020 7/1/2019 4/20/2020 2/12/2017 11/29/2020 8/2/2008 5/2/2020 5/30/2018 10/20/2020 *Purchased when originally issued by Provo City. What is the net short-term capital gain/loss reported on the 2020 Schedule D? What is the net long-term capital gain/loss reported on the 2020 Schedule D? What amount of capital gain is subject to the preferential capital gains rate
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