Question: Refer to problem 71. In the following year, Jawan has the following capital gains and losses: Short-term capital loss $1,300 Long-term capital gain 8,600 Long-term

Refer to problem 71. In the following year, Jawan has the following capital gains and losses:

Short-term capital loss $1,300

Long-term capital gain 8,600

Long-term capital loss 4,100

What is the effect of the capital gains and losses on his taxable income?


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