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Help fast please purchased two years ago, a $9,000 loss on a nonbusiness bad debt, and a $5,000 long-term capital gain. How should Alicia treat
Help fast please
purchased two years ago, a $9,000 loss on a nonbusiness bad debt, and a $5,000 long-term capital gain. How should Alicia treat these items on her 2023 tax return? a. $4,000 long-term capital loss and $9,000 short-term capital loss. b. $8,000 ordinary loss and $3,000 short-term capital loss. c. $8,000 ordinary loss and $5,000 short-term capital loss. d. $4,000 long-term capital loss and $3,000 short-term capital lossStep by Step Solution
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