Don, Peggy, and Roger operate an advertising agency located on Madison Avenue in New York City as a partnership. Don owns 60% of the business, Peggy owns 30%, and Roger owns 10%. For the current year, the advertising agency reports the following from its operations:

Sales Revenues	$972,000
Trade and business expenses (salaries, utilities, rent, etc.)	$457,000
Charitable Contributions	$30,000
Short Term Capital Losses	$46,000
Long Term Capital Gains	$15,000

Assume Roger is single and has the following capital gains and losses before considering anything from the partnership. What amount of capital gain or loss will Roger report on his individual 1040 and what will be the nature (short or long term) of the gain or loss be?

Short-term Capital Gain	$9,000
Short-term Capital Loss	$2,000
Long-term Capital Loss	$1,500