Hector is a single taxpayer in the 28% marginal tax bracket.In 2013,he sold stock shares,which he held for 36 months,for a capital gain of $8,500.He also sold some financial services stock,which he held for 14 months,for a capital loss of $2,000.In addition,he sold the home that he had lived in for the past 3 years and experienced a $15,000 gain on the house.How much will his net capital gains (or losses)be for 2013? How much will he pay (or save)in taxes as a result of these transactions?

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The Answer of Hector is a single taxpayer in the 28% marginal tax bracket.In 2013,he sold stock shares,which he held for 36 months,for a capital gain of $8,500.He also sold some financial services stock,which he held for 14 months,for a capital loss of $2,000.In addition,he sold the home that he had lived in for the past 3 years and experienced a $15,000 gain on the house.How much will his net capital gains (or losses)be for 2013? How much will he pay (or save)in taxes as a result of these transactions?

Hector Is a Single Taxpayer in the 28% Marginal Tax