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Ed Elsewhere has the following capital gains and losses during 2014 as a result of sales of shares of stock.What is the net effect of
Ed Elsewhere has the following capital gains and losses during 2014 as a result of sales of shares of stock.What is the net effect of the gains and losses on Ed's tax return in each of the following cases?
a)STCG $1,500
STCL($2,250)
LTCG $5,500
LTCL ($2,500
b)STCG $6,000
STCL ($4,500)
LTCG $0
LTCL ($750)
c)LTCL ($4,000)
LTCG $8,500
STCL ($2,250)
STCG $3,000
d)LTCG $750
LTCL ($2,250)
STCG $900
STCL ($800)
e)LTCG $3,500
LTCL ($3,000)
STCG $2,000
STCL ($6,500)
f)LTCL ($4,250)
LTCG $250
STCL ($2,500)
STCG $500
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