Jason has three capital transactions for the current year: Short-term capital loss of $2,000; Short-term...
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Accounting
Jason has three capital transactions for the current year: Short-term capital loss of $2,000; Short-term capital gain of $3,000; Long-term capital loss of $2,000. What is the net effect on Jason's taxes if he is in the 35% tax bracket?
a. 1000 tax reduction
b. 1050 tax reduction
c. 850 tax reduction
d. 350 tax reduction
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