Kendrick, whose tax rate is 32%, had the following results from transactions during the year: 
After offsetting the STCL, what is (are) the resulting gain(s) ?
A) $16,000 collectibles gain, $8,000 LTCG
B) $20,000 collectibles gain, $8,000 LTCG
C) $20,000 collectibles gain, $4,000 LTCG
D) $24,000 LTCG
Correct Answer:
Verified
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