Which of the Following Is Not True of the Netting

Which of the following is not true of the netting process for capital gains and losses?

A) Short-term capital gains and losses are combined and result in either a net short-term capital gain (NSTCG) or a net short-term capital loss (NSTCL) .
B) Long-term capital gains and losses are combined and result in either a net long-term capital gain (NLTCG) or a net long-term capital loss (NLTCL) .
C) If a taxpayer has both a NSTCG and a NLTCG or both a NSTCL and a NLTCL, the results are netted in the second stage of the netting process.
D) If a taxpayer has either a NSTCG and a NLTCL or NSTCL and a NLTCG, the results are netted in the second stage of the netting process.