Tracey sells General Electric stock (owned 10 years) for a $40,000 gain in the current year. In addition, she has a loss of $20,000 on the sale of one acre of land used in her trade or business. The land was purchased five years ago. Tracey's net capital gain (loss) for the current year is:

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The Answer of Tracey sells General Electric stock (owned 10 years) for a $40,000 gain in the current year. In addition, she has a loss of $20,000 on the sale of one acre of land used in her trade or business. The land was purchased five years ago. Tracey's net capital gain (loss) for the current year is:

Tracey Sells General Electric Stock (Owned 10 Years) for a $40,000