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Determine the net effect on Tamara adjusted gross income

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Problem - Determine the net effect on Tamara's adjusted gross income with regard to these capital asset transactions that occurred this year.

Sold ABCCo stock, acquired 2 years ago, for a $1,500 loss.

Sold collectible coins, held for 17 months, for a $2,000 gain.

Sold XYZCo shares, acquired 6 months ago, for a $4,100 loss.

Sold LMNCo stock, acquired 3 years ago, for a $500 gain.

Reference no: EM132654918

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