Question: please show work. thanks! MC Qu. 69Mr. Imhoff recognized a $25,700 net long-term... Mr. Imhoff recognized a $25,700 net long-term capital gain and a $33,000

please show work. thanks! MC Qu. 69Mr. Imhoff recognized a $25,700

please show work. thanks!

MC Qu. 69Mr. Imhoff recognized a $25,700 net long-term... Mr. Imhoff recognized a $25,700 net long-term capital gain and a $33,000 net short-term capital loss this year. What is his current year tax savings from the capital loss if his marginal rate on ordinary income is 35% and his preferential rate on adjusted net capital gain is 20% ? Multiple Choice $0 $6,190 $1,050

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