Multiple Choice

A net long$-$term gain can be taxed at $28\%,25\%,20\%,15\%,$ or $0\%,$ depending on the type of gain generated.

A net long$-$term loss can be offset against a long$-$term gain, and if there is a resulting long$-$term gain, it is taxed at regular rates.

A long$-$term loss can offset a long$-$term gain only if the netting result produces a loss of more than $$3,000.$

A net long$-$term gain can offset a short$-$term gain but not a short$-$term loss.