Gertie has a NSTCL of $9,000 and a NLTCG of $5,500 during the current taxable year.After gains and losses are offset,Gertie reports

Name: Gertie has a NSTCL of $9,000 and a NLTCG of $5,500 during the current taxable year.After gains and losses are offset,Gertie reports
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Question

Quizplus · Accepted Answer

The question is asking for the amount that Gertie reports after gains and losses are offset. To calculate this, we need to subtract Gertie's NLTCG from her NSTCL.

$9,000 - $5,500 = $3,500

Therefore, the correct answer is B) $3,500.

Gertie Has a NSTCL of $9,000 and a NLTCG of $5,500