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Haneen has taxable income of $ 1 2 6 , 0 0 0 without consideration of capital gain or loss transactions. Haneen has a short

Haneen has taxable income of $126,000 without consideration of capital gain or loss transactions. Haneen has a short-term capital gain of $20,000, a long-term capital loss of $12,000, and a short-term capital gain of $7,000. Assume none of the gains or losses are from collectibles or unrecaptured 1250 property and Haneen is in the 24% tax bracket.
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