Question: please type it in computer dont write it with hand 1:5-48 Capital Gains and Losses. Consider the four independent situations below for an unmar- ried
1:5-48 Capital Gains and Losses. Consider the four independent situations below for an unmar- ried individual, and analyze the effects of the capital gains and losses on the individual's AGI. For each case, determine AGI after considering the capital gains and losses. Situation 1 Situation 2 Situation 3 Situation 4 AGI (excluding property transactions) $40,000 $50,000 $60,000 $70,000 STCG 6,000 2,000 5,000 6,000 STCL 2,000 5,000 4,000 15,000 LTCG 3,500 15,000 10,000 9,000 LTCL 2,500 4,000 12,000 4,000
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