During 2016,Trevor has the following capital transactions:
LTCG
$ 6,000
Long-term collectible gain
2,000
STCG
4,000
STCL
10,000
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 2017 of $3,000.
D) LTCG of $2,000.
E) None of these.
Correct Answer:
Verified
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