ACC 330: Haneen has taxable income of $82,500 without consideration of capital gain or loss transactions. Haneen has a short-term capital gain of $23,400, a long-term capital loss of $10,450, and a short-term capital gain of $6,100. Assume none of the 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?

What is the carryover amount?

\begin{tabular}{|l|lr|rr|} \hline & & \multicolumn{2}{|c|}{ Amounts } \\ \hline a. & Total short-term gain & & $ & 29,500 \\ \hline b. & Total long-term loss & & $ & 10,450 \\ \hline c. & Carryover amount & $ & 7,450 \\ \hline \end{tabular}