Consider the four independent situations below for an unmarried individual, and analyze the effects of the capital

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Consider the four independent situations below for an unmarried individual, and analyze the effects of the capital gains and losses on the individual€™s AGI. For each case, determine AGI after considering the capital gains and losses.

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Federal Taxation 2016 Comprehensive

ISBN: 9780134104379

29th Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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Question Posted: Dec 11, 2015 01:48 AM

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Consider the four independent situations below for an unmarried individual, and analyze the effects of the capital

Question:

Situation 1 Situation 2 Situation 3Situation 4 AGI (excluding property transactions) $40,000 $50,000 $60,000 $70,000 5,000 4,000 15,000 10,000 9,000 STCG 6,000 2,000 3,500 2,000 6,000 STCL 5,000 15,000 LTCG LTCL 2,500 4,000 12,000 40 4,000

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Federal Taxation 2016 Comprehensive

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