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The following is your income with gains and losses for three years: 1. You earn $75,000 this year and report a short-term capital gain of

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The following is your income with gains and losses for three years: 1. You earn $75,000 this year and report a short-term capital gain of $15,000 and a short-term capital loss of $5,000 and a long-term capital losses of $20,000. What did you report as ordinary income this year? 2. The next year you will have an income of $80,000 with no capital asset transactions. What do you report as ordinary income that year? 3. The following year you have an income of $85,000 and have long-term capital gains of $95,000. What will you report as ordinary income

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