Determine the results from these transactions

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Question - Myra Mains received a Form 1099-B from her broker.  The form listed the following capital transactions during the year:

STOCK

ACQUIRED

SOLD

SALES PRICE

COST/BASIS

255 shares - IBM Corp

03/20/12

08/28/21

$11,500

$1,450

400 shares - GM Corp

01/16/21

03/17/21

$10.200

$9,375

195 shares - Boeing

08/06/21

10/10/21

$4,410

$7,900

200 shares - FMC

02/19/15

09/02/21

$12.330

$4,760

95 shares - TRW

06/15/74

05/20/21

$5,675

$9,940

None of these transactions involve qualified small business stock. On the 1099-B, the basis was reported to the IRS. In addition to the current year transactions, Myra reported a Short-Term Capital Loss Carryover from 2020 of $1,950. Determine the results from these transactions for Myra for 2021. Be sure to indicate whether the resulting position is Long-Term or Short-Term and if it is a net gain or loss.  Show and label your work.

Reference no: EM133111913

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