3. (2 points) Ezekiel has the following items of income. What is the dollar amount and...

 

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3. (2 points) Ezekiel has the following items of income. What is the dollar amount and character of the capital gains/losses he used in this tax year? What is the carryover amount. and character? Note that you can have two amounts used (for example, a STCG and a LTCG), and you could have two amounts carried over (for example, a STCL and a LTCL). This is an exercise in netting and keeping your "buckets" in order. Taxable income before capital gains and losses Net short term gains and losses this year Net long term gains and losses this year Short term capital loss carryover from last year $80,000 $2,120 ($2,200) ($8,450) 3. (2 points) Ezekiel has the following items of income. What is the dollar amount and character of the capital gains/losses he used in this tax year? What is the carryover amount. and character? Note that you can have two amounts used (for example, a STCG and a LTCG), and you could have two amounts carried over (for example, a STCL and a LTCL). This is an exercise in netting and keeping your "buckets" in order. Taxable income before capital gains and losses Net short term gains and losses this year Net long term gains and losses this year Short term capital loss carryover from last year $80,000 $2,120 ($2,200) ($8,450)

Answer rating: 100% (QA)

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