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Coline has the following capital gain and loss transactions for 2021. a. Short-term capital gain $8,300 b. Short-term capital loss (3,486) C. Long-term capital
Coline has the following capital gain and loss transactions for 2021. a. Short-term capital gain $8,300 b. Short-term capital loss (3,486) C. Long-term capital gain (28%) 9,960 d. Long-term capital gain (15%) 3,320 e. Long-term capital loss (28%) (17,430) After the capital gain and loss netting process, what is the amount and character of Coline's gain or loss? Coline has an overall net short-term capital gain of $ 8,964 X. Feedback Check My Work All taxpayers net their capital gains and losses. Short-term gains and losses (if any) are netted against one another, and long-te and losses (if any) are netted against one another. The results will be net short-term gain or loss and net long-term gain or loss two net positions are of opposite sign (one is a gain and one is a loss), they are netted against each other.
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