Alan has the following capital gains and losses during the current year:
Alan's capital gain/loss position for the year is:

A)Long-term gain $8,000;short-term capital loss $1,000.
B)Net long-term capital gain $7,000.
C)Short-term capital loss $4,000;long-term capital gain $11,000
D)Collectibles gain $3,000;long-term capital gain $4,000

Question

Alan has the following capital gains and losses during the current year:
Alan's capital gain/loss position for the year is:

A)Long-term gain $8,000;short-term capital loss $1,000. 
B)Net long-term capital gain $7,000. 
C)Short-term capital loss $4,000;long-term capital gain $11,000 
D)Collectibles gain $3,000;long-term capital gain $4,000

Quizplus · Accepted Answer

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

A)Long-term gain $8,000;short-term capital loss $1,000. 
B)Net long-term capital gain $7,000. 
C)Short-term capital loss $4,000;long-term capital gain $11,000 
D)Collectibles gain $3,000;long-term capital gain $4,000

Alan Has the Following Capital Gains and Losses During the Current