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Homework - CH3 Saved Help Save & Exit Submit Check my work 6 Daniel is considering selling two stocks that have not fared well over recent years. A friend recently informed Daniel that one of his stocks has a special designation, which allows him to treat a loss up to $50,000 on this stock as an ordinary loss rather than the typical capital loss. Daniel figures that he has a loss of $60,000 on each stock. If Daniel's marginal tax rate is 35 percent and he has $120,000 of other capital gains (taxed at 15 percent), what is the tax savings from the special tax treatment? 2.5 points Tax savings $ 16,375 eBook Hint Print References mc m+ ( ) 2nd x2 % 388