Question: Please explain the correct approach for solving this general accounting question. Sandeep has $15,800 of net long-term capital gain and $9,200 of net short term

Please explain the correct approach for solving this general accounting question.

Sandeep has $15,800 of net long-term capital gain and $9,200 of net short term capital loss. This nets out to a: (a) $6,600 net long-term loss (b) $6,600 net long-term gain (c) $6,600 net short-term gain (d) $6,600 short- term loss

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