Question: Exercise 8-5 (Algorithmic) (LO. 4) Elliott has the following capital gain and loss transactions for the current year. a. Short-term capital gain $8,200 b. Short-term

 Exercise 8-5 (Algorithmic) (LO. 4) Elliott has the following capital gain

Exercise 8-5 (Algorithmic) (LO. 4) Elliott has the following capital gain and loss transactions for the current year. a. Short-term capital gain $8,200 b. Short-term capital loss (19,680) C. Long-term capital gain (28%) 65,600 d. Long-term capital gain (25%) 26,240 e. Long-term capital gain (15%) 32,800 f. Long-term capital loss (28%) (26,240) g. Long-term capital loss (15%) (49,200) After the capital gain and loss netting process, what is the amount and character of Elliott's gain or loss? Elliott has an overall of $

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