Question: drop down 1: long-term or short-term 2nd drop down: gain or loss Capital Gains and Losses (Lo. 4) Rudy has the following capital gains and

drop down 1: long-term or short-term 2nd drop down: gain or

drop down 1: long-term or short-term 2nd drop down: gain or loss

Capital Gains and Losses (Lo. 4) Rudy has the following capital gains and losses for the current year. Short-term capital loss Long-term capital gain Long-term capital loss $15,300 11,800 4,300 What is the effect of the capital asset transactions on his taxable income? Rudy has a net capital of $ of which s is deductible in the current year

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