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Lefty completes the following capital asset transactions. By how much does Leftys AGI increase/decrease as a result of these gains/losses? Long-term gain $27,600 Short-term gain

Lefty completes the following capital asset transactions. By how much does Leftys AGI increase/decrease as a result of these gains/losses?

Long-term gain $27,600
Short-term gain 11,040
Short-term loss 69,000

Leftys net result is of $fill in the blank 2.


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