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Assume for this question only, that during the current tax year, John and Susan have a short-term capital loss of $10,000 from the sale of
Assume for this question only, that during the current tax year, John and Susan have a short-term capital loss of $10,000 from the sale of mutual funds. They also have a long-term capital gain from the sale of an antique watch collection of $6,200 and unrecaptured Section 1250 income of $17,500. Assume they are in the 32% marginal income tax bracket. What is the tax result from these transactions?
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