Question
Theresa presents the following information with her 2021 tax return: Capital Gains: Shares- $1,500, Personal-use property- 750, Listed personal property- 600,Capital losses: Shares- $ 820,Personal-use
Theresa presents the following information with her 2021 tax return: Capital Gains: Shares- $1,500, Personal-use property- 750, Listed personal property- 600,Capital losses: Shares- $ 820,Personal-use property-1,100, Listed personal property- 240,Listed personal property losses of prior years - 105,Net capital losses from 2019 - 310,What is the minimum taxable capital gain (rounded to the nearest dollar) to be reported on Theresa's tax return?
$843 | ||
$480 | ||
$520 | ||
$1,425 |
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Cost Accounting A Managerial Emphasis
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13th Edition
8120335643, 136126634, 978-0136126638
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