Taxpayer had the following stock sales in the same year:

1) Able company held for three months which resulted in a gain of $1000

2) Baker company held for two years which resulted in a loss of $3000

The tax reporting impact is:

		$1000 short term gain taxed currently with a $3000 long term loss carry over
		$2000 short term loss
		$2000 long term loss
		Not enough information exists to make a determination