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 \Viii 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, Shepherds town, WV 25443.