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Scott Bean is a computer programmer and had the following investment transactions in 2020: Sales Price...

Scott Bean is a computer programmer and had the following investment transactions in 2020:

Sales Price Basis Purchased Sold
Provo City Bonds $ 10,000 $ 5,000 11/1/2016 5/2/2020
Cisco Preferred Stock 25,000 6,000 7/15/2011 1/12/2020
Dreyer's Grand Ice Cream Stock 14,000 10,000 7/1/2019 4/20/2020
Novell Common 2,000 10,000 2/12/2017 11/29/2020
IBM Stock 4,000 3,000 8/2/2008 5/2/2020
ABC Common 6,000 9,000 5/30/2018 10/20/2020
  1. What is the net short-term capital gain/loss reported on the 2020 Schedule D?  
  2. What is the net long-term capital gain/loss reported on the 2020 Schedule D?  
  3. What amount of capital gain is subject to the preferential capital gains rate?  
  4. What amount of capital gain is subject to ordinary tax rates?  
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