What if karen taxable income


Karen, who is unmarried and not a head of household, had a long-term capital gain of $50,000 and a short-term capital loss of $30,000. Karen also has taxable income from non-capital gain sources of $25,000. What is the tax liability on Karen's total taxable income of $45,000 ? 2. Referring to the question above, what if Karen's taxable income from non-capital sources had been $50,000, instead of $25,000. What is the tax liability on Karen's total taxable income of $70,000?

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