Question 2 Taxpayer has a capital loss carryforward of $10,000 from the prior year as well as the following gains and losses from security trading in the current year: Short-term capital gain - $50,000 Short-term capital loss - $10,000 Long-term capital gain - $20,000 Long-term capital loss - $30,000 What is taxpayer's capital gain or loss for the year? $40,000 short-term capital gain a. $10,000 long-term capital loss b. $30,000 short-term capital gain $30,000 short-term capital gain $10,000 long-term capital loss $20,000 short-term capital gain