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Matt and Meg Comer are married and file a joint tax return. No children. Matt earns $64,000. Meg works part times and earns $33,000 a
Matt and Meg Comer are married and file a joint tax return. No children. Matt earns $64,000. Meg works part times and earns $33,000 a year. They do not itemize deductions. Other than salary Comers only other source of income is from the disposition of various capital assets.
A) What is the Comers tax liability for 2019 if they report the following capital gains/losses for the year??
Short-term capital gains Short-term capital losses Long-term capital gains Long-term capital losses $ 9,000 (2,000) 15,000 (6,000)Step by Step Solution
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