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What are the taxable capital gains on the foreign currency

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Reference no: EM133064838

Question - In 2021, Sam made two capital transactions that resulted in one currency gain of $3,500 and one currency loss of $1,600. What are the taxable capital gains on the foreign currency exchange for 2021?

a) $1,900

c) $850

b) $1,700

d) $950

Reference no: EM133064838

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