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1. Jhon, age 67 and single, is claimed as a dependent by his son. During 2020, Jeffrey had an interest income of $2,450 and $700
1. Jhon, age 67 and single, is claimed as a dependent by his son. During 2020, Jeffrey had an interest income of $2,450 and $700 of earned income from cat-sitting. What is Jhons taxable income? You do not need to include the dollar sign or cents in your answer.
During 2020, Ricky has the following capital transactions: LTCG $10,000 LTCG 5,000 STCG 7,000 STCL 13,000 After the netting process, the following results: O A. LTCG of $15,000 and a STCL of $6,000 LTCL of $6,000 OB. LTCG of $15,000 and a STCL carryover to 2020 of $3,000 . D.LTCL of $9,000 E. LTCG of $9,000
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