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During 2014, Madison Had Salary Income of $80,000 and the Following

Question 173

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During 2014, Madison had salary income of $80,000 and the following capital transactions:
 LTCG $13,000 LTCL 15,000 STCG 13,000 STCL 6,000\begin{array}{lr}\text { LTCG } & \$ 13,000 \\\text { LTCL } & 15,000 \\\text { STCG } & 13,000 \\\text { STCL } & 6,000\end{array}
How are these transactions handled for income tax purposes?

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Combining the long­term transactions yie...

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