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Lori and Ajay are married taxpayers in the 33% marginal tax bracket. In 2014, they sold common stock shares for a long-term capital gain of $48,000. They also sold some technology stock for a long-term capital loss of $9,000. In addition, they sold the home they had lived in for the past 10 years and experienced a $75,000 gain on the house. How much will their net capital gains (or losses) be for 2014, if the long-term common stock's cost was $30,000?
Sagot :
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