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Eduardwww [97]
3 years ago
13

Determine the net effect on Tamara’s adjusted gross income with regard to these capital asset transactions that occurred this ye

ar.
SAT
1 answer:
ki77a [65]3 years ago
3 0

Answer:

Explanation:

Sold ABCCo stock, acquired 2 years ago, for a $1,500 loss.Sold collectible coins, held for 17 months, for a $2,000 gain.Sold XYZCo shares, acquired 6 months ago, for a $4,100 loss.Sold LMNCo stock, acquired 3 years ago, for a $500 gain.(-1500+2000+500) = 1000 LTCG – 4100 = 3100 STCL

$3000 yearly limit; 100 is carry forward next year

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