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In the current year, Erin had the following capital gains (losses) from the sale of her investments: $1,500 LTCG, $25,500 STCG, ($8,500) LTCL, and ($14,500)

In the current year, Erin had the following capital gains (losses) from the sale of her investments: $1,500 LTCG, $25,500 STCG, ($8,500) LTCL, and ($14,500) STCL. What is the amount and nature of Erin's capital gains and losses?

A) $4,000 net short-term capital gain.

B) $4,000 net long-term capital loss.

C) $4,500 net short-term capital gain.

D) $4,500 net long-term capital loss.

E) None of the choices are correct.

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