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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. ------------

  1. Net long-term capital gain of $4,000

  1. Net short-term capital loss of $2,000

  1. Net long-term capital gain of $6,000

  1. No capital gain or loss

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