7 for $55 per share with 17. Elizabeth bought 300 shares of Mundo stock on January 1 brokerage fee of $175. Then, Elizabeth sells all 300 share 2017. The brokerage fee on the sale was $225. must report on her 2017 tax return? shares for sso per share on December 2. What is the amount of the gain/loss Elizabeth a. $7,450 b. $7,100 c. $7,500 d. $7,550 e. None of these 18. In the current year, Mr. Darren Smith, has $85,000 of ordinary income, a Net Short Capital Loss (NSTCL) of $11,500 and a Net Long Term Capital Gain (NLTCG) of $3,200. From his capital gains and losses, Mr. Smith reports: Term a. an offset against ordinary income of $3,000 and a NSTCL carryforward of $5,300 b. an offset against ordinary income of $3,000 and a NSTCL carryforward of $8,300 c. an offset against ordinary income of $3,200 and a NSTCL carryforward of $8,300 d. an offset against ordinary income of $11,500 e. an offset against ordinary income of $3,000 and a NSTCL carryforward of $8,500