Taxpayer owns a 20% profits and capital interest in Norse LLC. For the current year Norse LLC has the following revenues, expenses, gains and losses

Sale revenue $70,000, Gain on sale of land (Sec 1231) $11,000, Cost of goods sold, ($26,000), Depreciation MACRS ($3,000), Sec 179 deduction ($10,000), Employee wages ($11,000),nondeductible penalties ($3,000), Municipal bond interest $6,000) STCG $4,000, Guaranteed payment to Sandra $3,000.

Enter Taxpayer appropriate amount for each separately stated item. Enter zero if there is no item. enter any expense as a negative i.e. -100

What is Taxpayer's short term capital gain?

THE ANSWERS POSTED BEFORE IS WRONG!!!