During 2014,Madison Had Salary Income of $80,000 and the Following $$\begin{array} { l r } \text { LTCG } & \$ 13,000 \\\text { LTCL } & 15,000 \\\text { STCG } & 13,000 \\\text { STCL } & 6,000 \\\end{array}$$

question 59

Essay

During 2014,Madison had salary income of $80,000 and the following capital transactions:
$$\begin{array} { l r } \text { LTCG } & \$ 13,000 \\\text { LTCL } & 15,000 \\\text { STCG } & 13,000 \\\text { STCL } & 6,000 \\\end{array}$$ How are these transactions handled for income tax purposes?

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