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John and Mary had the following transactions for 2016. Calculate net cpaital gain or loss, if loss how much is deductible in 2016 and

John and Mary had the following transactions for 2016. Calculate net cpaital gain or loss, if loss how much is deductible in 2016 and any loss carryforward to 2017 Short term capital gain Short TermLong term capital loss Long term capital gain Long term capital loss 12,000 (4,000) 20,000 (40,000)|

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