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Calculate your tax refund from the capital loss carryback

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Reference no: EM132995735

An investor reports the following capital gains and losses. Assume a 26% federal marginal tax rate for all four years.

2014 - $10,000 gain

2015 - $15,000 gain

2016 - $8,000 gain

2017 - $(50,000) loss

Problem A. Calculate your tax refund from the capital loss carryback

Problem B. Calculate the balance of your loss carryforward

Reference no: EM132995735

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