Given Below Are Belinda's Capital Gains and Losses for Two

question 43

Multiple Choice

Given below are Belinda's capital gains and losses for two consecutive years.What is the effect of the gains and losses on Belinda's taxable income for each year?
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First Second
Year Year

• A)$10,000 $ 7,000
• B)$(2,000)$ (3,000)
• C)$(3,000)$ (3,000)
• D)$(2,000)$ (5,000)
• E)$1,000 $ 3,000

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