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Negasonic Teenage Warhead has a $40,000 1245 gain, a $35,000 1231 gain, a $33,000 1231 loss, a $3,000 1231 lookback loss, and a $15,000 long-term

Negasonic Teenage Warhead has a $40,000 1245 gain, a $35,000 1231 gain, a $33,000 1231 loss, a $3,000 1231 lookback loss, and a $15,000 long-term capital gain. After conducting the appropriate netting process (please show your work), how much gain or loss will Negasonic report and what is the character of that gain or loss?

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