Cooper has the following items of income and loss during the year. What is Cooper's taxable capital gain or deductible capital loss for the year? Include its character. Loss on stock held seven months Gain on commodity futures held 16 months Loss on stock held two years Flood damage on personal residence attributed to a Presidentially declared disaster Gain on stock held 13 months ($1,000 $2,000 ($800) ($4,500) $5,000