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Netting Capital Gains and Losses

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Identify the steps for netting capital gains and losses.

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Solution Summary

The solution identifies the steps for netting capital gains and losses.

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The steps for netting gains and losses:

1. Separate all capital gains and losses occuring during the year into short term gains and losses and long term gains and losses.
2. Combine all long term gains and losses tp determine a net long-term position for the year. Combine all short-term gains and losses to determine a net short term position for the year.
3. If one ...

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