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Discuss what is the net st or lt gains and losses

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Reference no: EM131809960

In 2007, Mark has %17,000 STCL, $6,000 28% gain , and $7,000 5%/15% gain.

What is the net ST or LT gains and losses for 2007?

What is the appropriate tax treatment of the net gain or loss(ie capital gain/loss treatment, ordinary deduction for/from AGI, or treatment as ordinary income)?

Reference no: EM131809960

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