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Elliott has the following capital gain and loss transactions for the current year. a. Short-term capital gain b. Short-term capital loss $5,200 (12,480) 41,600 c.
Elliott has the following capital gain and loss transactions for the current year. a. Short-term capital gain b. Short-term capital loss $5,200 (12,480) 41,600 c. 16,640 Long-term capital gain (28%) Long-term capital gain (25%) Long-term capital gain (15%) Long-term capital loss (28%) Long-term capital loss (15%) f. g. 20,800 (16,640) (31,200) After the capital gain and loss netting process, what is the amount and character of Elliott's gain or loss? Elliott has an overall of $
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