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In the current year, Norris, an individual, has $54,000 of ordinary income, a net short-term Capital loss (NSTCL) of $9,600 and a net long-term capital

In the current year, Norris, an individual, has $54,000 of ordinary income, a net short-term Capital loss (NSTCL) of $9,600 and a net long-term capital gain (NLTCG) of $3,200. From his capital gains and losses, Norris reports

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