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Which of the following must be included in Pete's income? 1. Short-term capital gains of $10,000 from the sale of stock. 2. Long-term capital gains
Which of the following must be included in Pete's income?
1. Short-term capital gains of $10,000 from the sale of stock.
2. Long-term capital gains of $80,000 from the sale of rental real property.
3. Interest income from Pete's savings account.
4. Distribution of $30,000 from Traditional IRA.
Group of answer choices
1 and 2
1, 2, and 3
1, 2, 3, and 4
3 and 4
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