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An investor reports the following capital gains and losses. Assume a 26% federal marginal tax rate for all four years. 2014 - $10,000 gain 2015
An investor reports the following capital gains and losses. Assume a 26% federal marginal tax rate for all four years. 2014 - $10,000 gain 2015 - $15,000 gain 2016 - $8,000 gain 2017 - $ (50,000) loss A. Calculate your tax refund from the capital loss carryback (nearest dollar without dollar sign ($) or comma, e.g. 15000): -17000 B. Calculate the balance of your loss carryforward (nearest dollar without dollar sign ($) or comma, e.g. 15000): 17000
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