18.

In the current tax year, an investor has the following realized capital gains and losses:

Short term gains: $5,200

Short term losses: $4,800

Long term gains: $11,000

Long term losses: $15,000

How much can the investor deduct from taxable income this year as a result of these gains and losses

• $3,000

• $4,000

• $3,600

• $0