Carol had the following capital gains and losses:
|
Short term capital gains
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$ 9,000
|
|
Short term capital losses
|
$(10,000)
|
|
Long term capital gains
|
$15,000
|
|
Long term capital losses
|
$(6,000)
|
1. What is Claire's tax liability on her investment activity if she is single and has adjusted gross income of $50,000?
2. What is Claire's tax liability on her investment activity if she is single and has adjusted gross income of $333,000?