In 2014,Satesh has $5,000 short-term capital loss,$13,000 0%/15%/20% long-term capital gain,and $7,000 qualified dividend income.Satesh is single and has other taxable income of $15,000.Which of the following statements is correct?

Question

Quizplus · Accepted Answer

The net long­term capital gain is $8,000 ($13,000 0%/15%/20% long­term capital gain - $5,000 short­term capital loss).The $7,000 qualified dividend income is added to the 0%/15%/20% net long-term capital gain and the $15,000 total is eligible for the 0%/15%/20% alternative tax rate.

In 2014,Satesh Has $5,000 Short-Term Capital Loss,$13,000 0%/15%/20% Long-Term Capital