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 lossThis nets out to aLefty completes the following capital asset transactions. By how much does Lefty’s AGI increase as a result of these gains/losses? Long-term gain $28,800 Short-term gain 11,520 Short-term loss 72,000 Lefty’s net result is?
- Kate 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)?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.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?
- 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)?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 gainn 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!
- Please help meElliott has the following capital gain and loss transactions for 2022: a. Short-term capital gain $12,400 b. Short-term capital loss (29,760) Long-term capital gain (28%) 99,200 Long-term capital gain (25%) 39,680 e. Long-term capital gain (15 %). 49,600 f. Long-term capital loss (28%) (39,680) 9. Long-term capital loss (15 %) (74,400) C. d. After the capital gain and loss netting process, what is the amount and character of Elliott's gain or loss? Elliott has an overall net long-term capital gain ofElliott has the following capital gain and loss transactions for 2022: a. Short-term capital gain b. Short-term capital loss C. d. e. f. g. Long-term capital gain (28%) Long-term capital gain (25%) Long-term capital gain (15%) Long-term capital loss (28%) Long-term capital loss (15%) $6,200 (14,880) 49,600 19,840 24,800 (19,840) (37,200) After the capital gain and loss netting process, what is the amount and character of Elliott's gain or loss? Elliott has an overall net long-term capital gain ✔ of $ X.