During 2018, Trevor has the following capital transactions: $$\begin{array} { l r }
\text { LTCG } & \$ 6,000 \
\text { Long-term collectible gain } & 2,000 \
\text { STCG } & 4,000 \
\text { STCL } & 10,000
\end{array}$$ After the netting process, the following results:
A) Long-term collectible gain of $2,000.
B) LTCG of $6,000, Long-term collectible gain of $2,000, and a STCL of $6,000.
C) LTCG of $6,000, Long-term collectible gain of $2,000, and a STCL carryover to 2019 of $3,000.
D) LTCG of $2,000.
E) None of these.

Question

During 2018, Trevor has the following capital transactions: $$\begin{array} { l r } 
\text { LTCG } & \$ 6,000 \
\text { Long-term collectible gain } & 2,000 \
\text { STCG } & 4,000 \
\text { STCL } & 10,000
\end{array}$$ After the netting process, the following results:
A) Long-term collectible gain of $2,000.
B) LTCG of $6,000, Long-term collectible gain of $2,000, and a STCL of $6,000.
C) LTCG of $6,000, Long-term collectible gain of $2,000, and a STCL carryover to 2019 of $3,000.
D) LTCG of $2,000.
E) None of these.

Quizplus · Accepted Answer

The Answer of During 2018, Trevor has the following capital transactions: $$\begin{array} { l r } 
\text { LTCG } & \$ 6,000 \
\text { Long-term collectible gain } & 2,000 \
\text { STCG } & 4,000 \
\text { STCL } & 10,000
\end{array}$$ After the netting process, the following results:
A) Long-term collectible gain of $2,000.
B) LTCG of $6,000, Long-term collectible gain of $2,000, and a STCL of $6,000.
C) LTCG of $6,000, Long-term collectible gain of $2,000, and a STCL carryover to 2019 of $3,000.
D) LTCG of $2,000.
E) None of these.

During 2018, Trevor Has the Following Capital Transactions After the Netting Process, the Following Results: A) Long-Term Collectible

During 2018, Trevor Has the Following Capital Transactions After the Netting Process, the Following Results:
A) Long-Term Collectible