Paul has the following long-term capital gains and losses for 2016: $62,000 28% gain, $21,000...
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Accounting
Paul has the following long-term capital gains and losses for 2016: $62,000 28% gain, $21,000 28% loss, $18,000 25% gain, and $64,000 0%/15%/20% gain. He also has a $53,000 short-term loss and a $5,000 short-term gain. What is Pauls AGI from these transactions? If he has a net long-term capital gain, what is its makeup in terms of the alternative tax rates?
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