Business, 15.11.2019 01:31 promcafee8788

Haneen has taxable income of $115,000 without consideration of capital gain or loss transactions. she has a short-term capital gain of $15,000, a long-term capital loss of $7,000, and a short-term capital gain of $4,000. assume none of the gains or losses are from collectibles or unrecaptured §1250 property, and haneen is in the 25% tax bracket.

-what is the total short-term gain or loss?

-what is the total long-term gain or loss?

-what is the carryover amount?

-is the gain or loss after netting taxed at the ordinary or capital rate?

1-ordinary rate
2-capital rate

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Haneen has taxable income of $115,000 without consideration of capital gain or loss transactions. sh...

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