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please solve this tax problem (9 points) Sandy Rivers is single and has no dependents. His taxable income (after the standard deduction and personal exemption)

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(9 points) Sandy Rivers is single and has no dependents. His taxable income (after the standard deduction and personal exemption) excluding his capital asset transactions listed below is $65,000. He had the following transactions during 2016: Sold land held for investment (held for 3 years) Sold stamps (held for 2 years as a collector) Sold his personal SUV (held for 4 years) Sold 350 shares of Cruz Corp., (held for 4 months) $6,000 gain $2,500 gain $1,500 loss $5,000 loss Execute the capital asset netting process to determine the net capital gain or loss for 2019. What is his tax on taxable income (using the alternative tax on net long-term capital gain method)

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