Question: Please do #1 and #2, thank you C. Determine the net results of the following asset sales for an individual taxpayer. Be sure to label

Please do #1 and #2, thank you C. Determine the net

Please do #1 and #2, thank you

C. Determine the net results of the following asset sales for an individual taxpayer. Be sure to label your net results clearly. Your label MUST include the appropriate LTCG rate, if applicable. 1. STCGS 4,000 STCLS (10,000) LTCGS (25%) 25,000 LTCGS (15%) 8,000 LTCLS (15%) (4,000) Net $23,000 2. STCGS 25,000 STCLS (10,000) LTCGS (28%) 18,000 LTCLS (28%) (6,000) LTCGS (25%) 35,000 LTCGS (15%) 20,000 LTCLS (15%) (33,000) Net $49,000

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