Coline has the following capital gain and loss transactions for 2015. Short-term capital gain ......................................... $ 5,000

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Coline has the following capital gain and loss transactions for 2015.
Short-term capital gain ......................................... $ 5,000
Short-term capital loss ......................................... (2,100)
Long-term capital gain (28%) ................................... 6,000
Long-term capital gain (15%) ................................... 2,000
Long-term capital loss (28%) ............................... (10,500)
After the capital gain and loss netting process, what is the amount and character of Coline's gain or loss?
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South Western Federal Taxation 2016 Comprehensive

ISBN: 9781305395114

39th Edition

Authors: James H. Boyd, William H. Jr. Hoffman, David M. Maloney, William A. Raabe, James C. Young

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