Liana Amiri (single with no dependents) has the following transactions in 2021:

What is Liana’s net capital gain or loss? Draft a letter to Liana describing how the net capital gain or loss will be treated on her tax return. Note that Liana’s income from other sources puts her in the 37% tax bracket. Liana’s address is 300 Ireland Avenue, Shepherdstown, WV 25443.

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AGI (exclusive of capital gains and losses) Long-term capital gain Long-term capital loss Short-term capital gain Short-term capital loss $540,000 22,000 (8,000) 19,000 (23,000)