LO4 Return to the facts of problem 48. Assume that Yorgi has a net capital loss of

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LO4 Return to the facts of problem 48.

Assume that Yorgi has a net capital loss of

$80,000 from her other capital asset transactions in 2010. What is the effect of the sale of the stock on Yorgi’s tax liability if her marginal tax rate is 33%?

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