Sue and Tim are married taxpayers in the 33% marginal tax bracket.In 2011,they sold common stock shares for a long-term capital gain of $3,800.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 2011? How much will they pay (or save)in taxes as a result of these transactions?

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The Answer of Sue and Tim are married taxpayers in the 33% marginal tax bracket.In 2011,they sold common stock shares for a long-term capital gain of $3,800.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 2011? How much will they pay (or save)in taxes as a result of these transactions?

Sue and Tim Are Married Taxpayers in the 33% Marginal