Determine the net effect on Tamara's adjusted gross income with regard to these capital asset transactions that

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Determine the net effect on Tamara's adjusted gross income with regard to these capital asset transactions that occurred this year.
• Sold ABCCo stock, acquired 2 years ago, for a $1,500 loss.
• Sold collectible coins, held for 17 months, for a $2,000 gain.
• Sold XYZCo shares, acquired 6 months ago, for a $4,100 loss.
• Sold LMNCo stock, acquired 3 years ago, for a $500 gain.
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South Western Federal Taxation 2017 Comprehensive

ISBN: 9781305874169

40th Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young

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