Erin, a single taxpayer, has a taxable income of $103,000 in the current year before considering the

Erin, a single taxpayer, has a taxable income of $103,000 in
the current year before considering the following capital gains and losses:

Short-term capital gain                                $
3,000

Long-term capital gain                                   22,000

Unrecaptured
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Erin, a single taxpayer, has a taxable income of $103,000 in
the current year before considering the following capital gains and losses:

Short-term capital gain                                $
3,000

Long-term capital gain                                   22,000

Unrecaptured Section 1250 gain                14,000

In addition, Erin has an $8,000 long-term capital loss
carryover from last year. What are the effects of these transactions on Erin’s
taxable income and her income tax liability?

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