LO.5 Liana Amiri (single with no dependents) has the following transactions in 2021:

AGI (exclusive of capital gains and losses) $540,000

Long-term capital gain 22,000

Long-term capital loss (8,000)

Short-term capital gain 19,000

Short-term capital loss (23,000)

What is Lianas net capital gain or loss? Draft a letter to Liana describing how the net capital gain or loss will be treated on her tax return. Note that Lianas income from other sources puts her in the 37% tax bracket. Lianas address is 300 Ireland Avenue, Shepherdstown, WV 25443.