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Rikki has the following capital gains and losses for the current year: Short-term capital gain $1,000 Long-term capital gain 11,000 Long-term capital loss 3,000 Collectibles
Rikki has the following capital gains and losses for the current year: Short-term capital gain $1,000 Long-term capital gain 11,000 Long-term capital loss 3,000 Collectibles gain 8,000 Collectibles loss 2,000 Assume that Rikki is in the 32% marginal tax rate bracket and Rikki's AGI is less than $200,000. Refer to the Capital gains and losses (individuals) table to answer the following question. Due to the effect of the capital gains and losses, Rikki's taxable income is increased by $ and her tax liability is increased by $ Feedback Check My Work Capital gains and losses are determined on an annual basis, aggregated through a netting procedure
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