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

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1 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 12,000 Short Term Long term capital loss (4,000) Long term capital gain 20,000 Long term capital loss (40,000)

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