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Haneen has taxable income of $127,500 without consideration of capital gain or loss transactions. Haneen has a short-term capital gain of $15,900, a long-term
Haneen has taxable income of $127,500 without consideration of capital gain or loss transactions. Haneen has a short-term capital gain of $15,900, a long-term capital loss of $9,150, and a short-term capital gain of $6,400. Assume none of the gains or losses are from collectibles or unrecaptured 1250 property, and Haneen is in the 24% tax bracket. Required: a. What is the total short-term gain or loss? b. What is the total long-term gain or loss? c. What is the carryover amount? > Answer is complete but not entirely correct. Amounts a. Total short-term gain $ 22,300 b. Total long-term loss $ 9,150 C. Carryover amount $ 13,150x
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