Question: Tax Drill - Computing NCG or NCL During the year, Tamara had capital transactions resulting in gains (losses) as follows: Sold stock in ABC Company

Tax Drill - Computing NCG or NCL During the year, Tamara had capital transactions resulting in gains (losses) as follows: Sold stock in ABC Company (acquired two years ago) Sold collectible coins (held for more than one year) ($1,500) $2,000 ($4,100) . Sold stock in XYZ Company (acquired six months ago) Sold stock in LMN Company (acquired three years ago) . $500 a. As a result of these transactions, Tamara has an overall net of $ short-term capital gain short-term capital loss b. Is the amount of her overall net gain or loss limited this yealong-term capital gain c. If "Yes", what is the limit. If "No", enter "0". $ long-term capital loss Tax Drill - Computing NCG or NCL During the year, Tamara had capital transactions resulting in gains (losses) as follows: . Sold stock in ABC Company (acquired two years ago) Sold collectible coins (held for more than one year) ($1,500) . $2,000 . Sold stock in XYZ Company (acquired six months ago) ($4,100) . Sold stock in LMN Company (acquired three years ago) $500 a. As a result of these transactions, Tamara has an overall net of $ W b. Is the amount of her overall net gain or loss limited this year? C. If "Yes", what is the limit. If "No", enter "0". $ Yes No

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