How much does quincy properly include as a capital gain

Reference no: EM133610979

Question: Quincy sold three capital assets in 2022, one at a $40,000 long-term gain, one at a $5,000 long-term loss, and one at a $10,000 short-term loss. How much does Quincy properly include as a capital gain or loss in 2022?

Reference no: EM133610979

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