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Margaret had several stock transactions during the year. She had a short-term loss of $4,000; a short-term gain of $5,000; a long-term gain of $16,000;
Margaret had several stock transactions during the year. She had a short-term loss of $4,000; a short-term gain of $5,000; a long-term gain of $16,000; and a long-term loss of $25,000. Which statement below is true regarding the the tax consequences of the transactions?
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