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
Correct Answer:
Verified
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