During 2018, Trevor has the following capital transactions:
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: 
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: 
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