Coretta sold the following securities during 2019: $$\begin{array} { | c | c | c | r | r | }
\hline & \text { Date Acquired } & \text { Date Sold } & \text { Sales Price } & \text { Basis } \
\hline \text { A } & 6 - 15 - 2013 & 3 - 30 - 2019 & \$ 6,500 & \$ 12,500 \
\hline \text { B } & 7 - 12 - 2019 & 10 - 1 - 2019 & \$ 2,000 & \$ 9,000 \
\hline \mathrm { C } & 7 - 15 - 2018 & 6 - 21 - 2019 & \$ 14,000 & \$ 13,000 \
\hline \mathrm { D } & 4 - 2 - 2014 & 12 - 29 - 2019 & \$ 36,000 & \$ 15,000 \
\hline
\end{array}$$ What is Coretta's net capital gain or loss result for the year?

Question

Coretta sold the following securities during 2019: $$\begin{array} { | c | c | c | r | r | } 
\hline & \text { Date Acquired } & \text { Date Sold } & \text { Sales Price } & \text { Basis } \
\hline \text { A } & 6 - 15 - 2013 & 3 - 30 - 2019 & \$ 6,500 & \$ 12,500 \
\hline \text { B } & 7 - 12 - 2019 & 10 - 1 - 2019 & \$ 2,000 & \$ 9,000 \
\hline \mathrm { C } & 7 - 15 - 2018 & 6 - 21 - 2019 & \$ 14,000 & \$ 13,000 \
\hline \mathrm { D } & 4 - 2 - 2014 & 12 - 29 - 2019 & \$ 36,000 & \$ 15,000 \
\hline
\end{array}$$ What is Coretta's net capital gain or loss result for the year?

Quizplus · Accepted Answer

Coretta's net capital gain or loss is calculated by summing the gains and losses from each security. Security A results in a long-term capital loss of $6,000, Security B results in a short-term capital loss of $7,000, Security C results in a short-term capital gain of $1,000, and Security D results in a long-term capital gain of $21,000. The net result is a gain of $9,000.

Coretta Sold the Following Securities During 2019 What Is Coretta's Net Capital Gain or Loss Result for c