Hector is a single taxpayer in the 28 marginal tax bracket, Ask an Expert

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Hector is a single taxpayer in the 28% marginal tax bracket. In 2014, he sold stock shares for a long-term capital gain of $8,500. He also sold some financial services stock for a long-term capital loss of $2,000. In addition, he sold the home that he had lived in for the past 3 years and experienced a $15,000 gain on the house. How much will his net capital gains (or losses) be for 2014? How much will he pay (or save) in taxes as a result of these transactions?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92071071

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