Gary is reviewing his investment transactions for the year and determines he has net short-term capital...

Gary is reviewing his investment transactions for the year and determines he has net short-term capital losses of $8,100 and net long-term capital gains of $9,100.

Below is Gary's tax information:

Gary's tax bracket = 24%

Long-term Capital Gains tax rate = 18%

On the above situation, what are the taxes owed (or saved) in the current tax year for Gary ?

Enter your answer below as a whole number and without any $ signs.

Expert Solution

jeff jeffy answered 2 years ago

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