Essay
Sharon has the following results of netting her short-term and long-term capital gains and losses for 2015: $56,000 short-term capital loss,and $82,000 net long-term capital gain ($21,000 0%/15%/20% long-term capital gain,and $61,000 25% long-term capital gain). (a) What is her net capital gain or loss for 2015? (b) If there is a net capital loss,how much of the loss and what type of loss carries over to 2016? (c) If there is a net long-term capital gain,what is it made up of?
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Correct Answer:
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(a)
Sharon has a 2015 net long...
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