Ronald has the following capital gains and losses for 2011: $8,000 STCL,$6,000 28% gain,$4,000 25% gain,and $16,000 0%/15% gain.Which of the following is correct?
A) The net capital gain is composed of $2,000 25% gain and $16,000 0%/15% gain.
B) The net capital gain is composed of $6,000 28% gain and $12,000 0%/15% gain.
C) The net capital gain is composed of $6,000 28% gain, $4,000 25% gain, and $8,000 0%/15% gain.
D) The net capital gain is composed of $2,000 28% gain and $16,000 0%/15% gain.
E) None of the above.
Correct Answer:
Verified
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