Question: Smith has three capital transactions during the current year: - Short-term capital loss of $5,000 - Short-term capital gain of $4,000 - Long-term capital loss

Smith has three capital transactions during the current year: - Short-term

Smith has three capital transactions during the current year: - Short-term capital loss of $5,000 - Short-term capital gain of $4,000 - Long-term capital loss of $1,500 What is the net effect for Smith's taxable income (Line 15) in the current tax year? Enter as number, e.g., +7000 or -6000

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