During 2012, Greta Gibson recognizes a $2,000 short-term capital gain, a $6,000 short-term capital loss, a $20,000 long-term capital gain, and a $7,000 long-term capital loss. Greta's net capital gain is:

Question

Quizplus · Accepted Answer

Greta has a net STCL of $4,000 ($6,000 less $2,000) and a net LTCG of $13,000. the refore, her net capital gain is $9,000, the excess of the net LTCG over the net STCL.

During 2012, Greta Gibson Recognizes a $2,000 Short-Term Capital Gain