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I NEED HELP For the 2021 tax year, Garth (filing status is single) has salary income of $70,000 and the following property transactions: Stock investment
I NEED HELP
For the 2021 tax year, Garth (filing status is single) has salary income of $70,000 and the following property transactions: Stock investment sales - Long-term capital gain $10,000 Short-term capital loss (12,000) Loss on sale of RV (purchased 4 years ago, and used for family vacations) (2,000) There is no other activity for the year. What is taxable income for 2021? 55,45053,45068,00067,000Step by Step Solution
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