Sharon has the following results of netting her short-term and long-term capital gains and losses for 2013: $56,000 short-term capital loss,and $82,000 net long-term capital gain ($21,000 0%/15%/20% long-term capital gain,and $61,000 25% long-term capital gain).
(a) What is her net capital gain or loss for 2013?
(b) If there is a net capital loss, how much of the loss and what type of loss camies over to 2014?
(c) If there is a net long-term capital gain what is it made up of?

Question

Sharon has the following results of netting her short-term and long-term capital gains and losses for 2013: $56,000 short-term capital loss,and $82,000 net long-term capital gain ($21,000 0%/15%/20% long-term capital gain,and $61,000 25% long-term capital gain).
 (a) What is her net capital gain or loss for 2013?
(b) If there is a net capital loss, how much of the loss and what type of loss camies over to 2014?
(c) If there is a net long-term capital gain what is it made up of?

Quizplus · Accepted Answer

The Answer of Sharon has the following results of netting her short-term and long-term capital gains and losses for 2013: $56,000 short-term capital loss,and $82,000 net long-term capital gain ($21,000 0%/15%/20% long-term capital gain,and $61,000 25% long-term capital gain).
 (a) What is her net capital gain or loss for 2013?
(b) If there is a net capital loss, how much of the loss and what type of loss camies over to 2014?
(c) If there is a net long-term capital gain what is it made up of?

Sharon Has the Following Results of Netting Her Short-Term and Long-Term