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During $2023,$ Chaps McGee, S$.$S$.$# $252-86-1837,$ completed the following stock transactions:

$200$ shs Walmart $($date acquired:$07/10/10$ date sold:$04/28/23)$; sale price: $15325,$ cost: $$2625$

$100$ shs Blue Sky $($date acquired: $10/02/22$ date sold:$09/17/23)$; sale price: $$3040,$ cost: $$8200$

$600$ shs Lowes $($date acquired: $106/04/23$ date sold:$12/21/23)$ ; sale price : $$10950,$ cost: $$9870$

In addition to the above transactions,

Mr$.$ MeGee also had the following items related to the preparation of his $2023$ tax return:

$1.$ A short$-$term capital loss carryforward from $2022$ of $$4600$

$2.$On June $19,2017$ Mr$.$McGee purchased one acre of land as an investment, located in Gwinnett County, Georgia, at the intersection of Sugarloaf Parkway and Old Narcross Road. He paid $$390,000,$ plus closing costs of $5100.$ On September $30,2023,$ he sold this acre for $$560,000,$ less a $10\%$ real estate commission.

$3.$ Mr$.$ McGee is also a partner in Three Dogs Enterprises, a partnership. His share of the partnership's long$-$term capital loss is $$5200.$

$4.$ Mr McGee received a capital gain distribution of $$350$ during $2023$ from the Vanguard Wellington Mutual Fund.

Requirements:

$1.$ Complete Mr$.$ McGee's $2023$ Schedule D $($assume cost basis was reported to the IRS$)$ and Form $8949.$ The forms must be hand written using a pencil. $2.$ How will Mr$.$ McGee's gain or loss affect his $2023$ tax calculation? If it is a loss, how much of the loss is deductible? If it is a gain, how will the gain be taxed? Give a detailed answer.

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