Coline has the following capital gain and loss transactions for 2018. Short-term capital gain ..........................................$ 5,000 Short-term

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Coline has the following capital gain and loss transactions for 2018.

Short-term capital gain ..........................................$ 5,000
Short-term capital loss ...........................................(2,100)
Long-term capital gain (28%) ..................................6,000
Long-term capital gain (15%) ..................................2,000
Long-term capital loss (28%) ...............................(10,500)

After the capital gain and loss netting process, what is the amount and character of Coline's gain or loss?

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South-Western Federal Taxation 2019 Comprehensive

ISBN: 9781337703017

42th Edition

Authors: David M. Maloney, William A. Raabe, William H. Hoffman, James C. Young

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