Ulma had the following transactions during 2010: a painting held for three years and sold at a gain of $65,000;100 shares of Gray stock held six months and sold for a loss of $3,000;50 shares of Yellow stock held 18 months and sold for a gain of $36,000.Ulma also had $344,000 of taxable income from other sources than these property transactions.What is Ulma's net capital gain or loss and what is her taxable income?

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The Answer of Ulma had the following transactions during 2010: a painting held for three years and sold at a gain of $65,000;100 shares of Gray stock held six months and sold for a loss of $3,000;50 shares of Yellow stock held 18 months and sold for a gain of $36,000.Ulma also had $344,000 of taxable income from other sources than these property transactions.What is Ulma's net capital gain or loss and what is her taxable income?

Ulma Had the Following Transactions During 2010: a Painting Held