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Haneen has taxable income of $112,500 without consideration of capital gain or loss transactions. Haneen...

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Accounting

Haneen has taxable income of $112,500 without consideration of capital gain or loss transactions. Haneen has a short-term capital gain of $21,700, a long-term capital loss of $7,700, and a short-term capital gain of $4,800. Assume none of the gains or losses are from collectibles or unrecaptured 1250 property, and Haneen is in the 24% tax bracket.
Required:
a. What is the total short-term gain or loss?
b. What is the total long-term gain or loss?
c. What is the carryover amount?
\table[[,,Amounts],[a.,,],[b.,,],[c.,Carryover amount,]]
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