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Tax calculations: long and short term capital gains/losses

Tax calculations: long and short term capital gains/losses. See attached file for full problem description.

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Solution Summary

The solution explains how and when short term losses can offset long term losses.

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Pat Mitchell, CPA (retired)

Rating 4.9/5

Active since 2006

BBA, University of Alaska
CPA, Ernest & Ernest

Responses 1567


Comments on Pat's work:

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"well explained !!!"