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Jenny has the following items for the year: $ 6 , 0 0 0 of short - term capital gain; $ 7 , 5 0
Jenny has the following items for the year: $ of shortterm capital gain; $ of longterm capital gain, and $ of capital loss. Which of the following is correct?
a The $ shortterm gain will first be offset by the $ longterm gain.
b The $ loss will first offset the $ shortterm gain.
c None of the answers presented are correct.
d The taxpayer will have a net shortterm capital loss.
e The $ loss will first offset the $ longterm capital gain.
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