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Jamal, a sole proprietor, owns a restaurant. During 2019 and 2020 he experienced the following gains/losses. Note, his ordinary income includes ordinary deductions and his

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Jamal, a sole proprietor, owns a restaurant. During 2019 and 2020 he experienced the following gains/losses. Note, his ordinary income includes ordinary deductions and his standard deduction. Determine the following: Income taxed at preferential rate

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