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Item 2

Item 2 0.66 points

Haneen has taxable income of $110,000 without consideration of capital gain or loss transactions. She has a short-term capital gain of $18,800, a long-term capital loss of $7,250, and a short-term capital gain of $4,450. Assume no gains or losses are from collectibles or unrecaptured 1250 property, and Haneen is in the 24% tax bracket.

Required:

1. What is the total short-term gain or loss?
2. What is the total long-term gain or loss?
3. What is the carryover amount?