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Harry is reviewing his investment transactions for the year and determines he has net short-term capital gains of $7,200 and net long-term capital losses of
Harry is reviewing his investment transactions for the year and determines he has net short-term capital gains of $7,200 and net long-term capital losses of $6,200. Below is Harry's tax information: Harry's tax bracket = 24% Long-term capital Gains tax rate = 15% On the above situation, what are the taxes owed (or saved) in the current tax year for Harry?
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