Thanks for reply. You have discounted 50% on final total that was for both short term and long term investment. Should the discount applied to long term investment.
net LT CG is 165k
Capital gain on long term: 125k (50% discount on LT CG 250k)
Taxable amount: 165k-125k = $40k
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Thanks for reply. You have discounted 50% on final total that...
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