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(CO 1) During the year, Marcus had the following transactions: Long-term loss on the sale of business use equipment: $6,000 Long-term loss on the sale

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(CO 1) During the year, Marcus had the following transactions: Long-term loss on the sale of business use equipment: $6,000 Long-term loss on the sale of personal use camper: $2,000 Long-term gain on the sale of personal use boat: $1,000 Short-term loss on the sale of stock investment: $3,000 Long-term loss on the sale of land investment: $4.000 How are these transactions handled for income tax purposes? Explain your

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