Gabrielle has the following gains and losses for the current year:

What is Gabrielle's net capital gain or loss position for the year?

Question

Gabrielle has the following gains and losses for the current year:
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What is Gabrielle's net capital gain or loss position for the year?

Quizplus · Accepted Answer

To calculate Gabrielle's net capital gain or loss position, we need to add up all the gains and losses. From the given table, we can see that her total gains are $4,000 ($2,000 + $1,500 + $500) and her total losses are $9,000 ($5,000 + $4,000). Thus, her net capital loss for the year is $5,000. However, it is important to note that all of her losses are short-term losses, so the correct answer is C, $5,000 net short-term capital loss.

Gabrielle Has the Following Gains and Losses for the Current