Andrea has the following capital gains and losses during the current year:
$\begin{array}{lc}
\text { Short-term capital loss } &\$(4,000) \
\text { Collectibles gain } &6,000 \
\text {Long-term capital gain } &2,000
\end{array}$
For tax calculation purposes,the net result of the above is:
A)Long-term gain $8,000; short-term capital loss $4,000.
B)Net long-term capital gain $4,000.
C)Collectibles gains $2,000; long-term capital gain $2,000
D)Collectibles gains $6,000; short-term capital loss $2,000.

Question

Andrea has the following capital gains and losses during the current year:
$\begin{array}{lc}
\text { Short-term capital loss } &\$(4,000) \
\text { Collectibles gain } &6,000 \
\text {Long-term capital gain  } &2,000
\end{array}$
For tax calculation purposes,the net result of the above is:
A)Long-term gain $8,000; short-term capital loss $4,000.
B)Net long-term capital gain $4,000.
C)Collectibles gains $2,000; long-term capital gain $2,000
D)Collectibles gains $6,000; short-term capital loss $2,000.

Quizplus · Accepted Answer

The Answer of Andrea has the following capital gains and losses during the current year:
$\begin{array}{lc}
\text { Short-term capital loss } &\$(4,000) \
\text { Collectibles gain } &6,000 \
\text {Long-term capital gain  } &2,000
\end{array}$
For tax calculation purposes,the net result of the above is:
A)Long-term gain $8,000; short-term capital loss $4,000.
B)Net long-term capital gain $4,000.
C)Collectibles gains $2,000; long-term capital gain $2,000
D)Collectibles gains $6,000; short-term capital loss $2,000.

Andrea Has the Following Capital Gains and Losses During the Current