Trista, a taxpayer in the 33% marginal tax bracket sold the following capital assets this year:
$\begin{array}{llr}
\text {250 shares of E.Com stock held 4 months } &(2,500) \text { loss}\
\text { 20 shares of ABC stock held 3 months } &4,000 \text {gain}\
\text {100 shares of $ K $ Corp stock held 22 months } &(1,700) \text { loss}\
\text { Personal jewelry held 2 years } &4,800\text { gain}\
\end{array}$

What is the amount of and nature of (LT or ST) capital gain or loss? Be specific as to the rates at which gains, if any, are taxed.

Question

Trista, a taxpayer in the 33% marginal tax bracket sold the following capital assets this year:
 $\begin{array}{llr}
  \text {250 shares of E.Com stock held 4 months  } &(2,500) \text {  loss}\
 \text { 20 shares of ABC stock held 3 months } &4,000 \text {gain}\
 \text {100 shares of $ K $ Corp stock held 22 months  } &(1,700) \text {  loss}\
 \text { Personal jewelry held 2 years } &4,800\text { gain}\
\end{array}$

What is the amount of and nature of (LT or ST) capital gain or loss? Be specific as to the rates at which gains, if any, are taxed.

Quizplus · Accepted Answer

The Answer of Trista, a taxpayer in the 33% marginal tax bracket sold the following capital assets this year:
 $\begin{array}{llr}
  \text {250 shares of E.Com stock held 4 months  } &(2,500) \text {  loss}\
 \text { 20 shares of ABC stock held 3 months } &4,000 \text {gain}\
 \text {100 shares of $ K $ Corp stock held 22 months  } &(1,700) \text {  loss}\
 \text { Personal jewelry held 2 years } &4,800\text { gain}\
\end{array}$

What is the amount of and nature of (LT or ST) capital gain or loss? Be specific as to the rates at which gains, if any, are taxed.

Trista, a Taxpayer in the 33% Marginal Tax Bracket Sold