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Capital gains. This year, Winifred had one transaction involving a capital asset she held for less than a year: she realized a gain of $22,000.
Capital gains. This year, Winifred had one transaction involving a capital asset she held for less than a year: she realized a gain of $22,000. She had two transactions involving capital assets she held for more than a year: she realized a gain of $2,000 on one and a loss of $12,000 on the other. What is the total amount of capital gain that qualifies for preferential capital-gains tax rates (i.e., net capital gain or "NCG"). Type your
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