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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According to the information given, Gertie has a net short-term capital loss (NSTCL) of $9,000 and a net long-term capital gain (NLTCG) of $5,500. The gains and losses are offset, which means that the NSTCL can be used to reduce the NLTCG. The result is a net capital gain of $0 ($5,500 - $9,000 = -$3,500, which is a net loss, but since capital losses are limited to $3,000 per year, the excess $500 cannot be deducted in the current year). Therefore, Gertie should report a net capital gain of $0. Choice B is the only one that reflects this outcome.

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