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

Question

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