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e. Tom Thompson sells shares of Section 1244 stock for $50,000. He purchased the stock years ago for 98. $175,000. How is the loss treated on Tom’s tax return if he files a joint tax return with his spouse?$125,000 ordinary loss.a. $100,000 ordinary loss; $25,000 long-term capital loss.b. $25,000 ordinary loss; $100,000 long-term capital loss.c. $125,000 short-term capital loss.d. $125,000 long-term capital loss.e. During 2010, Hattie Hanover recognizes a $11,000 short-term capital loss, a $5,000 long-term capital loss 99. and a $6,000 short-term capital gain. Prior to considering these capital gains and losses, Hattie’s adjusted gross income equals $50,000. After taking its capital gains and losses into consideration, her income equals:e. During 2010, Greta Gibson recognizes a $2,000 short-term capital gain, a $6,000 short-term capital loss, a 100. $20,000 long-term capital gain, and a $7,000 long-term capital loss. Greta’s net capital gain is:d. Mike Mitchell had the following capital transaction during the current tax year:101. Short-termLong-termGains$6,000$23,000Losses($9,000)($10,000)What portion of Mike’s capital gains is included in his adjusted gross income?