During the current year,Cathy realizes 
Determine the tax consequences of these events.
A) Cathy deducts a $5,000 net capital loss.
B) Cathy deducts a $3,000 net capital loss.
C) Cathy deducts a $2,000 net capital loss.
D) Cathy deducts a $1,000 net capital loss.
E) Cathy deducts a $7,000 net capital loss.
Correct Answer:
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