Question - Ted Thomas, a single taxpayer with no dependents, has the following transactions in 2015.
AGI $500,000
LTCG 18,000
LTCL (4000)
STCG 6000
STCL (8000)
What is Ted's net capital gain or loss?
If you answer to A was a net capital gain, what is the masxumum rate at which it would be taxed?
If his AGI were $25,000, what is the maximum rate at which it would be taxed?