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8.Colin reports the following capital gains (losses) from asset sales during the year. Penguin Corporation stock (held for 7 months) $ 1,000 Owl Corporation stock
8.Colin reports the following capital gains (losses) from asset sales during the year.
Penguin Corporation stock (held for 7 months) $ 1,000
Owl Corporation stock (held for 9 months) (3,000)
Flamingo Corporation bonds (held for 14 months) 2,000
Bitcoin (held for 3 years) 4,000
The netting result of the above is. ------------
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Net long-term capital gain of $4,000
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Net short-term capital loss of $2,000
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Net long-term capital gain of $6,000
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No capital gain or loss
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