Question

After completing all netting of gains and losses for 2019, Jiang and Julie, a married couple...

After completing all netting of gains and losses for 2019, Jiang and Julie, a married couple filing jointly, have $58,000 of ordinary income, a short term capital gain of $5,000, an unrecaptured §1250 gain of $4,000, and a long term capital gain of $8,000. What is their tax liability?

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