Manny, who is single, is reallocating his investment portfolio to better align his target asset allocation with his investment goals. After he is done with his reallocation, he has the following capital gains and$/$or losses for tax year $2022$:

$$2,000$ in short$-$term capital gains.

$$5,000$ in short$-$term capital losses.

$$8,000$ in long$-$term capital losses.

Then during tax year $2023,$ Manny has the following new capital gains and$/$or losses when he reallocates again:

$$1,000$ in short$-$term capital losses.

$$7,000$ in long$-$term capital gains.

How much capital gain$/$loss will Manny report on his $2023$ tax return?

Question $15$ options:

$$5000$ gain

$$5000$ loss

$$4000$ gain

$$6000$ loss

$$2000$ loss

$$1000$ gain

$$4000$ loss

$$1000$ loss

No gain or loss to claim

$$3000$ gain

$$2000$ gain

$$6000$ gain

$$3000$ loss