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For each case, determine AGI after considering the capital gains and losses. For each case, determine the net short-term capital gain (NSTCG) or net short-term

For each case, determine AGI after considering the capital gains and losses.

For each case, determine the net short-term capital gain (NSTCG) or net short-term capital loss (NSTCL), the net long-term capital gain (NLTCG) or net long-term capital loss (NLTCL), and then the AGI after considering the capital gains and losses. (Use a minus sign or parentheses to enter a loss.)

Situation 1

Situation 2

Situation 3

Situation 4

AGI (excluding property

transactions)

$100,000

$90,000

$50,000

$30,000

STCG

6,500

2,000

4,000

8,000

STCL

4,000

8,000

2,000

22,000

LTCG

4,000

15,000

11,000

10,500

LTCL

1,500

5,000

13,500

5,000

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