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What is her taxable income considering this capital loss

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Problem - Shannon, a single taxpayer, has a long-term capital loss of $7,000 on the sale of bonds in 2019 and no other capital gains or losses. Her taxable income without this transaction is $47,000. What is her taxable income considering this capital loss?

a. $40,000

b. $44,000

c. $47,000

d. $55,000

e. Some other amount

Reference no: EM132673685

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