Helena has the following long-term capital gains and losses for 2019: $94,000 28% gain, $75,200 28% loss, $42,300 25% gain, and $37,600 0%/15%/20% loss. She also has a $47,000 short-term loss and a $84,600 short-term gain. She has no other income. a. What is Helena’s AGI from these transactions? b. If she has a net long-term capital gain, what is its makeup in terms of the alternative tax rates? Helena has a net LTCG of ___________, all of which is 25% gain 37600 net STCG.
Helena has the following long-term capital gains and losses for 2019: $94,000 28% gain, $75,200 28% loss, $42,300 25% gain, and $37,600 0%/15%/20% loss. She also has a $47,000 short-term loss and a $84,600 short-term gain. She has no other income. a. What is Helena’s AGI from these transactions? b. If she has a net long-term capital gain, what is its makeup in terms of the alternative tax rates? Helena has a net LTCG of ___________, all of which is 25% gain 37600 net STCG.
Chapter14: Property Transact Ions: Capital Gains And Losses, § 1231, And Recapture Provisions
Section: Chapter Questions
Problem 58P
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Helena has the following long-term
a. What is Helena’s AGI from these transactions?
b. If she has a net long-term capital gain, what is its makeup in terms of the alternative tax rates?
Helena has a net LTCG of ___________, all of which is 25% gain 37600 net STCG.
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT