J sold the following capital assets during the current year: 100 shares of X Corp. held 14 months $\$ ( 500 )$ loss
50 shares of $\mathrm { T }$ Corp. held four months (240) loss
City lot held seven years for speculation $\quad$$\quad 900$ gain How much is J's overall net capital gain, if any?
A)$740
B)$660
C)$400
D)$160

Question

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The Answer of J sold the following capital assets during the current year: 100 shares of X Corp. held 14 months $\$ ( 500 )$ loss
50 shares of $\mathrm { T }$ Corp. held four months (240) loss
City lot held seven years for speculation $\quad$$\quad 900$ gain How much is J's overall net capital gain, if any?
A)$740
B)$660
C)$400
D)$160

J Sold the Following Capital Assets During the Current Year $(500)\$ ( 500 )$(500)

J Sold the Following Capital Assets During the Current Year $\$ ( 500 )$