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3. Taxpayer X, single, has taxable income of $190,000. He had the following capital asset transactions: Gain from the sale of a stamp collection (held

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3. Taxpayer X, single, has taxable income of $190,000. He had the following capital asset transactions: Gain from the sale of a stamp collection (held for 10 years) $30,000 Gain from the sale of an investment in land (held for 4 years) 10,000 Gain from the sale of stock investment (held for 8 months) 4,000 3. Taxpayer X, single, has taxable income of $190,000. He had the following capital asset transactions: Gain from the sale of a stamp collection (held for 10 years) Gain from the sale of an investment in land (held for 4 years) Gain from the sale of stock investment (held for 8 months) How to calculate the taxpayer's tax on these gains? $30,000 10,000 4,000

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