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Liston has two transactions of capital assets during the year. One produces a long-term capital gain of $15,000 and the other produces a long-term capital

  1. Liston has two transactions of capital assets during the year. One produces a long-term capital gain of $15,000 and the other produces a long-term capital loss of $6,000. What are the tax consequences to Liston including the impact on his AGI?

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