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Business, 22.12.2020 03:50 ramondoss249
Mr. Imhoff recognized a $25,700 net long-term capital gain and a $33,000 net short-term capital loss this year. What is his current year tax savings from the capital loss if his marginal rate on ordinary income is 35% and his preferential rate on adjusted net capital gain is 20%?
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Mr. Imhoff recognized a $25,700 net long-term capital gain and a $33,000 net short-term capital loss...
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