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Sandy Has the Following Results of Netting Her Short-Term and Long-Term

Question 103

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Sandy has the following results of netting her short-term and long-term capital gains and losses for 2012: $48,000 short-term capital loss, $22,000 net long-term capital gain ($21,000 0%/15% long-term capital gain, and $1,000 28% long-term capital gain).What is her net capital gain or loss for 2012 and, if there is a net capital loss, how much of the loss and what type of loss carries over to 2013?

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Sandy has a 2012 net short-term capital ...

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