Taxpayer sold the following capital assets during the year: Asset # 1: $60,000 long-term capital gain Asset # 2: $10,000 long-term capital loss Asset # 3: $50,000 short-term capital gain Asset # 4: $30,000 short-term capital loss What is the net amount Taxpayer must report on her tax return?

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Calculation of Net Capital Gains and Losses To determine the net amount th... View the full answer