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Channing, who is single, received $9,000 of Social Security benefits. Channing also received $30,000 from dividends, interest, and an employer's pension plan. If Channing sells
Channing, who is single, received $9,000 of Social Security benefits. Channing also received $30,000 from dividends, interest, and an employer's pension plan. If Channing sells a capital asset that produces a $1,000 recognized loss, the taxable income will decrease by less than $1,000
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