Matt and Meg Comer are married and file a joint tax return. They do not have any children. Matt works as a history professor at a local university and earns a salary of $68,200. Meg works part time at the same university. She earns $33,200 a year. The couple does not itemize deductions. Other than salary, the Comers only other source of income is from the disposition of various capital assets (mostly stocks).

Short-term capital gains	$	1,500
Short-term capital losses		0
Long-term capital gains		13,200
Long-term capital losses		(10,200	)

It's not $9105....