Lori and Ajay Are Married Taxpayers in the 33% Marginal

Essay

Lori and Ajay are married taxpayers in the 33% marginal tax bracket.In 2014,they sold common stock shares for a long-term capital gain of $3,800.They also sold some technology stock for a long-term capital loss of $9,000.In addition,they sold the home they had lived in for the past 10 years and experienced a $75,000 gain on the house.How much will their net capital gains (or losses)be for 2014?