The gains and losses from sales of capital assets for the current year by G are summarized as follows: Long-term gains $\$ 3,000$
Short-tem gains $\quad 1,000$
Short-term losses $\quad ( 8,000 )$ G has § 1245 recapture of $1,500 from one transaction and a § 1231 loss of $1,000 from another.The net decrease in A.G.I, from these transactions is

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The net decrease in AGI is $2,500. The long-term gains are $3,000, the short-term gains are $1,000, the short-term losses are ($8,000), the § 1245 recapture is $1,500, and the § 1231 loss is ($1,000). The net decrease in AGI is $3,000 + $1,000 + ($8,000) + $1,500 + ($1,000) = $2,500.

The Gains and Losses from Sales of Capital Assets for the Current