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Business, 01.07.2019 18:20 oKINGDEROo

Zebra, inc., a calendar year s corporation, incurred the following items this year. sammy is a 40% zebra shareholder throughout the year. operating income $100,000 cost of goods sold (40,000) depreciation expense (macrs) (10,000) administrative expenses (5,000) §1231 gain 21,00012-3412-35 depreciation recapture income $25,000 short-term capital loss from stock sale (6,000) long-term capital loss from stock sale (4,000) long-term capital gain from stock sale 15,000 charitable contributions (4,500)a. calculate sammy’s share of zebra’s nonseparately computed income or loss. b. calculate sammy’s share of any zebra long-term capital gain.

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