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During the tax year, Andre has $20,000 short-term capital loss, $8,000 28% gain, and $4,000...

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Accounting

During the tax year, Andre has $20,000 short-term capital loss, $8,000 28% gain, and $4,000 0/15/20% gain. Which of the statements below is correct? Andre has a $20,000 capital loss deduction. Andre has a $8,000 capital loss deduction. Andre has a $5,000 capital loss deduction. Andre has a $3,000 capital loss deduction.

Andre has a $20,000 capital loss deduction.

Andre has a $8,000 capital loss deduction.

Andre has a $5,000 capital loss deduction.

Andre has a $3,000 capital loss deduction.

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