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Ryan has the following capital gains and losses for 2020: $14,000 STCL, $4,000 STCG, $5,000 28% gain, $12,000 0%/15%/20% gain, and $4,000 0%/15%/20% loss. Ryan's

Ryan has the following capital gains and losses for 2020: $14,000 STCL, $4,000 STCG, $5,000 28% gain, $12,000 0%/15%/20% gain, and $4,000 0%/15%/20% loss.

Ryan's capital gain or loss is characterized as __________________.

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