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Karen has the following capital gain and loss transactions for 2020. Short-term $4,000 capital gain Short-term (1,000) capital loss Long-term capital gain 5,000 (28%)
Karen has the following capital gain and loss transactions for 2020. Short-term $4,000 capital gain Short-term (1,000) capital loss Long-term capital gain 5,000 (28%) Long-term capital gain 3,000 (15%) Long-term capital loss (28%) (9,500) After the capital gain and loss netting process, what is the amount and character of Karen's gain or loss?
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