If serenity is single and has taxable income from other


Question - Serenity has the following capital gains and losses for the current year:

Short term capital loss: $(8000)

Long term capital gain: 3000

Collectible gain: 2000

Collectible loss: (4000)

If Serenity is single and has taxable income from other sources of $75,000, what is the impact of her capital gains and losses on her income tax liability?

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Accounting Basics: If serenity is single and has taxable income from other
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