Question 6 Which is true about net capital losses? a) Long-term capital losses must be netted with long-term capital gains c) Long-term capital losses must be netted with earned income b) Short-term capital losses must be netted with short-term capital gains d) Long-term capital losses are not allowed for private taxpayers Question 7 Which is true about net capital losses? d) Long-term capital losses are not allowed for private taxpayers c) Long-term capital losses must be netted with earned income b) Short-term capital losses must be netted with short-term capital gains a) they can be used against ordinary income maximum of $3,000 per year O