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Assume 2018 tax year 44. Walter had the following stock transactions: 12/2/16 Bought 1,000 VEG $10 6/14/17 Bought 1,000 ETA $15 12/8/17 Bought 1,000 ABL
Assume 2018 tax year
44. Walter had the following stock transactions: 12/2/16 Bought 1,000 VEG $10 6/14/17 Bought 1,000 ETA $15 12/8/17 Bought 1,000 ABL $8 9/12/18 Sold 1,000 VEG $18 9/12/18 Sold 1,000 ETA $15 9/12/18 Sold 1,000 ABL $6 What best describes the tax effect of these transactions? a. $6,000 long-term capital loss b. $8,000 short-term capital gain; $2,000 short-term capital loss c. $8,000 long -term capital gain; $2,000 short-term capital loss d. $8,000 short-term capital gain; $2,000 long-term capital loss
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