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Question 12 3.34 points Save Answer A taxpayer purchased a bond denominated in GBP for EUR112,000 when 1 EUR = $0.75. Taxpayer sells the bond
Question 12 3.34 points Save Answer A taxpayer purchased a bond denominated in GBP for EUR112,000 when 1 EUR = $0.75. Taxpayer sells the bond for EUR125,000 when the exchange rate has increased to $0.78. What is the amount and character of taxpayer's gain/loss? $3,360 capital gain & $10,140 ordinary income a. b. $3,360 ordinary income & $10,140 capital gain $3,360 ordinary income C. d. $3,360 ordinary income and $13,500 capital gain
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