Tracy has the following capital gains an losses for the current year: Short-term capital gain $1,000 Short-term capital loss 8,000 Long-term capital gain 5,000 Long-term capital loss 3,000 What is the net capital gain position?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Tracy has the following capital gains and
losses for the current year:
Short-term capital gain $1,000
Short-term capital loss 8,000
Long-term capital gain 5,000
Long-term capital loss 3,000
What is the net capital gain position?
Transcribed Image Text:Tracy has the following capital gains and losses for the current year: Short-term capital gain $1,000 Short-term capital loss 8,000 Long-term capital gain 5,000 Long-term capital loss 3,000 What is the net capital gain position?
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