In 2020, Jeff has $18,000 short-term capital loss, $7,000 28% gain, and 6,000 0%/15%/20% gain. Which of the following st

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answerhappygod
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In 2020, Jeff has $18,000 short-term capital loss, $7,000 28% gain, and 6,000 0%/15%/20% gain. Which of the following st

Post by answerhappygod »

In 2020, Jeff has $18,000 short-term capital loss, $7,000 28%gain, and 6,000
0%/15%/20% gain.
Which of the following statements is true
A- Jeff has a $5,000 Capital loss deduction
B- Jeff has a $3,000 capital loss deduction
C- Jeff has a $13,000 net capital gain
D- Jeff has a $5,000 net capital gain
E- Jeff has a $18,000 net capital loss
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