In 2019, Jenny had a $12,000 net short-term capital loss and deducted $3,000 as a capital loss deduction. In 2020, Jenny has a $16,000 0%/15%/20% long-term capital gain and no other capital gain or loss transactions. Which of the statements below is correct?

A. Jenny has a 2020 $18,000 net capital gain.

B. Jenny has a 2020 $7,000 net capital gain.

C. Jenny has a 2020 $7,000 net capital loss.

D. Jenny has a 2020 $3,000 capital loss deduction.

E. Jenny has a 2020 $7,000 capital loss deduction