William has the following capital gains and losses for the current year:
What is William's net capital gain or loss position for the year?
A) Short-term capital gain $7,000; Long-term capital gain $5,000.
B) Short-term capital gain $10,000; Long-term capital gain $2,000.
C) Short-term capital gain $7,000; Long-term capital gain $2,000.
D) Short-term capital gain $10,000; Long-term capital gain $5,000
Correct Answer:
Verified
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