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Stephanie Sold the Following Stock in 2016 AComplete the Following Table

Question 116

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Stephanie sold the following stock in 2016.She received a 1099-B from each of the companies to record the sale.
 Asset  Cost  Acquired  Sale Price  Sale Date ABC,200sh$168,0001/10/12$200,0004/30/17JKL,100sh35,00011/15/1625,0001/28/17XYZ,50sh28,0003/31/1517,0008/30/17\begin{array}{lrrrr}\text { Asset }&\text { Cost }&\text { Acquired }&\text { Sale Price }&\text { Sale Date }\\\mathrm{ABC}, 200 \mathrm{sh} & \$ 168,000 & 1 / 10 / 12 & \$ 200,000 & 4 / 30 / 17 \\\mathrm{JKL}, 100 \mathrm{sh} & 35,000 & 11 / 15 / 16 & 25,000 & 1 / 28 / 17 \\ \mathrm{XYZ}, 50 \mathrm{sh} & 28,000 & 3 / 31 / 15 & 17,000 & 8 / 30 / 17\end{array} a.Complete the following table:
 Asset  Gain (Loss)  Short or Long Term  ABC  JKL XYZ\begin{array}{ll}\text { Asset } & \text { Gain (Loss) } &\text { Short or Long Term }\\\text { ABC } & \\\text { JKL } & \\\mathrm{XYZ} &\end{array} b.Calculate the short-term gain (loss)after netting.
c.Calculate the long-term gain (loss)after netting.
d.What is the resulting gain (loss)to be shown on the return?

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