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Carol had the following transactions during 2014: a painting held for two years and sold at a gain of $85,000; 100 shares of Gray stock
Carol had the following transactions during 2014: a painting held for two years and sold at a gain of $85,000; 100 shares of Gray stock held six months and sold for a loss of $6,000; 50 shares of Yellow stock held 18 months and sold for a gain of $36,000. Carol also had $264,000 of taxable income from other sources than these property transactions. What is Carol
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