Carol had the following capital gains and lossesshort term, Ask an Expert

Accounting

Carol had the following capital gains and losses:

Short term capital gains	$ 9,000
Short term capital losses	$(10,000)
Long term capital gains	$15,000
Long term capital losses	$(6,000)

1. What is Claire's tax liability on her investment activity if she is single and has adjusted gross income of $50,000?

2. What is Claire's tax liability on her investment activity if she is single and has adjusted gross income of $333,000?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9966930

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