Exercise $4-30($LO$.5)$

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

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

Sold stock in IJK Company $($held for more than one year$)$

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. What impact will the net gain or loss have on Tamara's gross

income?

As a result of these transactions, Tamara has a net long$-$term capital qain $$ of $

$x$ and $a$

$$ of $

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

$.$