Question: Which statement is true regarding short - term capital gains? Multiple Choice If there are a net short - term gain and a net long

Which statement is true regarding short-term capital gains?
Multiple Choice
If there are a net short-term gain and a net long-term gain, both gains are taxed at regular rates.
A long-term loss offsets a short-term gain, and if a gain results, the gain is taxed at regular rates.
A long-term loss offsets a short-term gain, and if a gain results, the gain is taxed at preferential rates.
If there are a net short-term gain and a net long-term gain, both gains are taxed at preferential rates.

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