On July 1, 2022, Gwen purchased an XYZ September 50 Put for $450. The option expired on September 17, 2022. How should this be reported on Gwen's 2022 return? No gain or loss. $450 of capital gain. $450 of capital loss. $450 of investment expense.

This is my second attempt on this problem please help!!

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Nadine  bought 100 shares of oak stock for $30 a share on april 30 2019 on july the 1st 2020 she noticed  that the stock had increased  in value  to 35 a schare she decided to sell her share Nadine  only other incomr for the year consists  of 65000 in wages she will claim standard  deduction  when she filies her return . Nadine revenues  from sales of stocj will increase  her taxable income by  500 and this 500 will be taxed at a capital  gsin rate of 15% 500 and the 500 will be taxed at her regular  marginal  tax rate of 22%  3500 and this 3500 will be tax at a capital  gain rate of 20% 3500 and this will be taxed at her regular  marginal  rate of 22%

Harry owns 25% of David. On January 1, 2020 Harry’s investment account has a balance of $500,000. On that date, Harry sells 30% of its investment for $200,000. a. What is the balance in the investment account after sale b. What is the gain or loss on sale recorded by Harry.

In the current year, Erin had the following capital gains (losses) from the sale of her investments: $2,900 LTCG, $24,100 STCG, ($9,900) LTCL, and ($15,900) STCL. What is the amount and nature of Erin's capital gains and losses?   Multiple Choice $1,200 net short-term capital gain. $1,200 net long-term capital loss. $3,100 net short-term capital gain. $3,100 net long-term capital loss. None of the choices are correct.

Taryn sold a sculpture for $6,000 on 1 January 2020, she bought it on December 1994 for $1,500 Calculate  both Indexation and Discount Capital Gain. Later on you need to advise which one will give you a better result.

n X8, Erin had the following capital gains (losses) from the sale of her investments: $2,000 LTCG, $25,000 STCG, ($9,000) LTCL, and ($15,000) STCL. What is the amount and nature of Erin's capital gains and losses?  Show your working!

17. TP had an adjusted basis in her LLC interest of $50,000 immediately before she received a current proportionate distribution of $20,000 cash, unrealized accounts receivable with a basis of 0 and a FMV of $10,000, and real property with a basis of $40,000 and a FMV of $50,000. Her basis in the distributed real property is: a. 0 b. $30,000 c. $20,000 d. $40,000 e. None of the above

On December 28, 2020, Kramer sells 150 shares of Lavender, Inc. stock for $77,000. On January 10, 2021, he purchases 100 shares of the same stock for $82,000. a.  Assuming that Kramer's adjusted basis for the stock sold is $65,000, what is his recognized gain or loss? Kramer's recognized _______ is $_________. What is his basis for the new shares? His basis for the new shares is $________. b.  Assuming that Kramer's adjusted basis for the stock sold is $89,000, what is his recognized gain or loss? Kramer's recognized _______ is $_________. What is his basis for the new shares? His basis for the new shares is $________. c.  Advise Kramer on how he can avoid any negative tax consequences encountered in part (b). He could repurchase _________.