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Calculator Exercise 7-25 (Algorithmic) (LO.4) During the current year, Tucker had the following personal casualty gains and l
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Assets Holding period Gain or loss($)
Asset 1 18 months (27,100)
Assets 2 2 months 16,260
Assets 3 3 years 33,875
Total Gain= 22,945

As a result of these transactions tucker has earned short term capital gain of $16,260 and long term capital gain of $ 6775 , hence net capital gain of tucker will be $22.945

Therefore he treats all of the gains and losses as capital gains and losses

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