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Marcus has the following capital gains and losses during the current year: 25% Long-term capital loss $(9,000) Regular (0/15/20%) Long-term capital loss (3,000) Regular (0/15/20%)

Marcus has the following capital gains and losses during the current year:

25% Long-term capital loss $(9,000)

Regular (0/15/20%) Long-term capital loss (3,000)

Regular (0/15/20%) Long-term capital gain 2,000

28% Collectibles gain 1,000

Short-term capital loss (2,000)

Short-term capital gain 4,000

After netting, what effect will Marcuss capital gains and losses have on his AGI this year?

Group of answer choices

Increase it by $9,000

None of these

Reduce it by $3,000

Reduce it by $5,000

They will not affect his AGI

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