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Wanda is considering selling two personal use of assets that she owns. One has appreciated in value by $20000.and the other has declined in value
Wanda is considering selling two personal use of assets that she owns. One has appreciated in value by $20000.and the other has declined in value by $17000. Wanda believes that she should sell both assets in the same year so the loss of $17000 can offset the gain of $20000. a) Advise Wanda regarding the tax consequences of her plan b) Could Wanda achieve better tax results by selling the assets in different tax years? Explain
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