Coline has the following capital gain and loss transactions for 2016. Short-term capital gain .................................. $ 5,000

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Coline has the following capital gain and loss transactions for 2016.
Short-term capital gain .................................. $ 5,000
Short-term capital loss ................................... (2,100)
Long-term capital gain (28%) .......................... 6,000
Long-term capital gain (15%) ......................... 2,000
Long-term capital loss (28%) ......................... (10,500)
After the capital gain and loss netting process, what is the amount and character of Coline's gain or loss?
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South Western Federal Taxation Individual Income Taxes 2017

ISBN: 9781305873988

40th Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen

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