Elaine Case (single with no dependents) has the following transactions in 2018:

AGI (exclusive of capital gains and losses) ..............................$240,000
Long-term capital gain ...................................................................22,000
Long-term capital loss ....................................................................(8,000)
Short-term capital gain ..................................................................19,000
Short-term capital loss ................................................................(23,000)

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