Exercise $3-26($LO$.8)$

During the year, Tamara had capital transactions resulting in gains $($losses$)$ as follows:

Sold stock in ABC Company $($acquired two years ago$)$

Sold collectible coins $($held for more than one year$)$

$($$$1,500)$

Sold stock in XYZ Company $($acquired six months ago$)$

$2,000$

Sold stock in LMN Company $($acquired three years ago$)$

$(4,100)$

$500$

Determine Tamara's net capital gain or loss as a result of these transactions.

As a result of these transactions, Tamara has a net long$-$term capital gain $$ of X and a short$-$term capital loss $$ of $ $.$

Overall, Tamara has a net short$-$term capital loss $$ of $ $$