Marcus has the following capital gains and losses during the current year:
25% Long-term capital loss $(9,000)
Regular (0/15/20%) Long-term capital loss (3,000)
Regular (0/15/20%) Long-term capital gain 2,000
28% Collectibles gain 1,000
Short-term capital loss (2,000)
Short-term capital gain 4,000
After netting, what effect will Marcus’s capital gains and losses have on his AGI this year?
Group of answer choices
Increase it by $9,000
None of these
Reduce it by $3,000
Reduce it by $5,000
They will not affect his AGI
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