Bill has $10,000 of net long term capital gain and $6,500 of net short term capital loss. This nets out to a: (a) $3,500 net long term loss (b) 3,500 net long term gain (c) $3,500 net short term gain (d) $3,500 short term loss
Bill has $10,000 of net long term capital gain and $6,500 of net short term capital loss. This nets out to a: (a) $3,500 net long term loss (b) 3,500 net long term gain (c) $3,500 net short term gain (d) $3,500 short term loss
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter4: Gross Income
Section: Chapter Questions
Problem 2CE
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Transcribed Image Text:Bill has $10,000 of net long term capital gain and
$6,500 of net short term capital loss. This nets
out to a:
(a) $3,500 net long term loss
(b) 3,500 net long term gain
(c) $3,500 net short term gain
(d) $3,500 short term loss
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