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Elliott has the following capital gain and loss transactions for 2022: a. Short-term capital gain $8,800 b. Short-term capital loss (21,120) C. Long-term capital
Elliott has the following capital gain and loss transactions for 2022: a. Short-term capital gain $8,800 b. Short-term capital loss (21,120) C. Long-term capital gain (28%) 70,400 d. Long-term capital gain (25%) 28,160 e. Long-term capital gain (15%) 35,200 f. Long-term capital loss (28%) (28,160) g. Long-term capital loss (15%) (52,800) After the capital gain and loss netting process, what is the amount and character of Elliott's net capital gain or loss? Elliott has an overall net long-term capital gain of $ x.
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