In 2007, Mark has 17000 STCL, 6000 28% gain, and 7000 5%/15% gain.

a) What is the net ST (short term) or LT (long term) gains and losses for 2007?

(b) What is the appropriate tax treatment of the net gain or loss? (ie. capital gain/loss treatment, ordinary deduction for from AGI, or treatment as ordinary income)