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  3. matthew had the follow gains and losses on his 202

Matthew had the follow gains and losses on his 2020 tax return. After...

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Accounting

Matthew had the follow gains and losses on his 2020 tax return. After the netting process, how will the
gains/losses be taxed in 2020?
Short-term Gain $8,000
Short-term Loss ($12,000)
Long-term 28% Gain $5,000
Long-term 28% Loss ($2,000)
Long-term 25% Gain $8,000
Long-term Capital Gain (0/15/20) $15,000
Long-term Capital Loss (0/15/20)($16,000)

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