During 2014, Madison had salary income of $80,000 and the following capital transactions:
$\begin{array}{lr}
\text { LTCG } & \$ 13,000 \
\text { LTCL } & 15,000 \
\text { STCG } & 13,000 \
\text { STCL } & 6,000
\end{array}$
How are these transactions handled for income tax purposes?

Question

During 2014, Madison had salary income of $80,000 and the following capital transactions:
 $\begin{array}{lr}
\text { LTCG } & \$ 13,000 \
\text { LTCL } & 15,000 \
\text { STCG } & 13,000 \
\text { STCL } & 6,000
\end{array}$ 
How are these transactions handled for income tax purposes?

Quizplus · Accepted Answer

The Answer of During 2014, Madison had salary income of $80,000 and the following capital transactions:
 $\begin{array}{lr}
\text { LTCG } & \$ 13,000 \
\text { LTCL } & 15,000 \
\text { STCG } & 13,000 \
\text { STCL } & 6,000
\end{array}$ 
How are these transactions handled for income tax purposes?

During 2014, Madison Had Salary Income of $80,000 and the Following