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During 2020 Joe has the following capital transactions: Long Term Capital Gain $5,000 Long-term Capital Loss $10,000 Short Term Capital Gain $11,000 Short Term Capital

During 2020 Joe has the following capital transactions:

  • Long Term Capital Gain $5,000
  • Long-term Capital Loss $10,000
  • Short Term Capital Gain $11,000
  • Short Term Capital Loss $4,000

After the netting process what is the character (Long Term or Short Term) and amount of Joe's gain or loss in 2020?

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