Exercise 3-23 (Algorithmic) (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) ($2,850) 3,990 Sold stock in XYZ Company (acquired six months ago) Sold stock in LMN Company (acquired three years ago) 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 short-term capital loss of $ Overall, Tamara has a net short-term capital loss of $ Feedback (7,980) 997 of $ and a Check My Work To obtain a good perspective on how the Federal income tax functions, some overview of property transactions is needed. This is particularly the case with capital gains and losses, which can generate unique tax consequences.