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During the year, Jennifer had the following gains and losses from property sales: $3,000 long term capital gains $2,000 of losses on the sale of
During the year, Jennifer had the following gains and losses from property sales: $3,000 long term capital gains $2,000 of losses on the sale of business property (Section 1231 property) $1,000 ordinary loss $2,000 short term capital loss How much of her income benefits from the lower capital gain rates
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