Coline has the following capital gain and loss transactions for 2017. Short-term capital gain ......................................... $ 5,000

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Coline has the following capital gain and loss transactions for 2017.
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 2018 Essentials Of Taxation Individuals And Business Entities

ISBN: 9781337386173

21st Edition

Authors: William A. Raabe, James C. Young, Annette Nellen, David M. Maloney

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