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SHOW ALL WORK TO RECEIVE FULL CREDIT! AND LABEL. Problem 1 (8 Points) Quinn experienced the following sales of stock and other property during the 2018 tax year. Additionally, Quinn has a long-term capital loss carryover of $10,000. Excluding the sales noted below, Quinn (single) also has ordinary taxable income of $145,000. What is Quinn's total tax liability for 2018'? Asset Acquisition Date 1/1/2010 2/2/2012 4/30/2017 11/30/2017 5/5/2015 Disposition Date 2/15/2018 5/1/2018 3/15/2018 12/15/2018 8/30/2018 7/14/2018 Basis Proceeds $6,850 $5,470 $18,300 $8,000 $20,000 $120,000 Stock 1 Stock 2 Stock 3 Stock 4 Paintin Land held for 7/15/2016 Investment S9,500 $2,230 $20,450 $7,900 $38,000 $132,000 SHOW ALL WORK TO RECEIVE FULL CREDIT! AND LABEL. Problem 1 (8 Points) Quinn experienced the following sales of stock and other property during the 2018 tax year. Additionally, Quinn has a long-term capital loss carryover of $10,000. Excluding the sales noted below, Quinn (single) also has ordinary taxable income of $145,000. What is Quinn's total tax liability for 2018'? Asset Acquisition Date 1/1/2010 2/2/2012 4/30/2017 11/30/2017 5/5/2015 Disposition Date 2/15/2018 5/1/2018 3/15/2018 12/15/2018 8/30/2018 7/14/2018 Basis Proceeds $6,850 $5,470 $18,300 $8,000 $20,000 $120,000 Stock 1 Stock 2 Stock 3 Stock 4 Paintin Land held for 7/15/2016 Investment S9,500 $2,230 $20,450 $7,900 $38,000 $132,000

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