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Lefty completes the following capital asset transactions. By how much does Leftys AGI increase as a result of these gains/losses? Long-term gain $12,000 Short-term gain

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

Long-term gain	$12,000
Short-term gain	4,800
Short-term loss	30,000

Leftys net result is short-term capital loss of $.

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