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In X8, Erin had the following capital gains (losses) from the sale of her investments: $1,900 LTCG, $25,100 STCG, ($8,900) LTCL, and ($14,900) STCL. What
In X8, Erin had the following capital gains (losses) from the sale of her investments: $1,900 LTCG, $25,100 STCG, ($8,900) LTCL, and ($14,900) STCL. What is the amount and nature of Erin's capital gains and losses?
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- $3,200 net short-term capital gain.
- $3,200 net long-term capital loss.
- $4,100 net short-term capital gain.
- $4,100 net long-term capital loss.
- None of the choices are correct.
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