Sanju has $12,500 of net long-term capital gain and $7,800 of net short- term capital loss. This nets out to a: (a) $4,700 net long-term loss. (b) $4,700 net long-term gain (c) $4,700 net short-term gain (d) $4,700 short-term loss
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- Sanju has $12,500 of net long-term capital gain and $7,800 of net short-term capital loss. This nets out to a: (a) $4,700 net long-term loss (b) $4,700 net long-term gain (c) $4,700 net short-term gain (d) $4,700 short-term lossKate has the following capital gains and losses for 2018: Short-Term Capital Gain $8,000 Short-Term Capital Loss(4,000) 25% Gain55,000 28% Gain48,000 28% loss (60,000) Long-Term Capital Gain 11,000 Long-Term Capital Loss(74,700) After engaging in the appropriate capital gains netting, what is the amount and character of Kate’s net Gain (Loss)?Coline has the following capital gain and loss transactions for 2021. a. Short-term capital gain $7,900 b. Short-term capital loss (3,318) c. Long-term capital gain (28%) 9,480 d. Long-term capital gain (15%) 3,160 e. Long-term capital loss (28%) (16,590) After the capital gain and loss netting process, what is the amount and character of Coline's gain or loss?Coline has an overall net short-term capital gain of $ .
- Kate has the following capital gains and losses for 2018:Short-Term Capital Gain $8,000Short-Term Capital Loss(4,000)25% Gain55,00028% Gain48,00028% loss (60,000)Long-Term Capital Gain 11,000Long-Term Capital Loss(74,700)After engaging in the appropriate capital gains netting, what is the amount and character of Kate’s net Gain (Loss)?In the current year, Erin had the following capital gains (losses) from the sale of her investments: $2,900 LTCG, $24,100 STCG, ($9,900) LTCL, and ($15,900) STCL. What is the amount and nature of Erin's capital gains and losses? Multiple Choice $1,200 net short-term capital gain. $1,200 net long-term capital loss. $3,100 net short-term capital gain. $3,100 net long-term capital loss. None of the choices are correct.Gabrielle has the following gains and losses for the current year: Short-term capital loss $(8,000) Long-term capital gain 3,000 Section 1231 gain 3,000 Section 1231 loss (5,000) What is Gabrielle's net capital gain or loss position for the year? Oa. $5,000 net short-term capital loss Ob. $5,000 net short-term capital gain Oc. $7,000 net short-term capital loss Od. $3,000 net short-term capital gain
- In X8, Erin had the following capital gains (losses) from the sale of her investments: $2,500 LTCG, $24,500 STCG, ($9,500) LTCL, and ($15,500) STCL. What is the amount and nature of Erin's capital gains and losses?Please help men X8, Erin had the following capital gains (losses) from the sale of her investments: $2,000 LTCG, $25,000 STCG, ($9,000) LTCL, and ($15,000) STCL. What is the amount and nature of Erin's capital gains and losses? Show your working!
- Stacy has the following long-term capital gains and losses for this year: $16,000 28% gain, $5,000 28% loss, $32,000 25% gain, 16,000 25% loss, and $12,000 0%/15%/20% gain. She also has a $38,000 short-term loss and a $32,000 short- term gain. She has no other income. What is Stacy's AGI from these transactions? If she has a net long-term capital gain, what is its makeup in terms of the alternative tax rates (what amounts are in each layer)? For numbers, write commas but not dollar signs (example: 100,000). 28% Gain (amount in this layer): 25% Gain (amount in this layer): 0%/15%/20% Gain (amount in this layer): AGI:Jessica had the following gains and losses for the year: Long-term loss = $45,000 Short-term loss = $15,000 Long-term gain = $20,000 Short-term gain = $19,000 How much gain or loss will Jessica deduct on her current tax return? $0 Long-term capital loss of $3,000 Long-term capital loss of $21,000 Short-term capital gain of $4,000; and $25,000 long-term lossDuring the current year, Irving, an individual, had long-term capital losses of $2,000 and short-term capital losses of $1,500. If this is the first year Irving has experienced capital gains or losses, what amount of these losses may Irving deduct this year? Group of answer choices A.$3,500 B.$3,000 C.$1,750 D.$2,500