Assume that the building in problem 68 is an apartment building held for investment. In addition to the sale of the building, Anton has the following capital gains and losses during 2021:

Anton is single and has a taxable income of $175,000 without considering his capital gains and losses. What is his taxable income and income tax liability?

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Short-term capital loss Collectibles gain Long-term capital gain Long-term capital loss carryover from 2020 $ 4,000 7,000 15,000 6,000