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Sandy, a taxpayer in the 32% marginal tax bracket sold the following capital assets this year: 250 shares of HBJ stock held 4 months (2,550)
Sandy, a taxpayer in the 32% marginal tax bracket sold the following capital assets this year:
250 shares of HBJ stock held 4 months (2,550) loss
20 shares of XXX stock held 3 months 4,500 gain
100 shares of LBJ Corp stock held 22 months (1,700) loss
Art collection jewelry held 2 years 4,800 gain
What is the amount of and nature of capital gain or loss? Be specific as to the rates at which gains, if any, are taxed
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