Allen has the following capital gains and losses and Qualified dividend income during the current year:
Allen's capital gain/loss position for the year is:

A)Long-term gain $1,000;short-term capital gain $2,000.
B)Net short-term capital gain $1,000.
C)Short-term capital gain $4,000;long-term capital loss $1,000
D)Net short-term capital gain $3,000.
E)Net capital gain $-0-

Question

Allen has the following capital gains and losses and Qualified dividend income during the current year:
Allen's capital gain/loss position for the year is:

A)Long-term gain $1,000;short-term capital gain $2,000. 
B)Net short-term capital gain $1,000. 
C)Short-term capital gain $4,000;long-term capital loss $1,000 
D)Net short-term capital gain $3,000. 
E)Net capital gain $-0-

Quizplus · Accepted Answer

The Answer of Allen has the following capital gains and losses and Qualified dividend income during the current year:
Allen's capital gain/loss position for the year is:

A)Long-term gain $1,000;short-term capital gain $2,000. 
B)Net short-term capital gain $1,000. 
C)Short-term capital gain $4,000;long-term capital loss $1,000 
D)Net short-term capital gain $3,000. 
E)Net capital gain $-0-

Allen Has the Following Capital Gains and Losses and Qualified