You have the following: Short term capital losses - $9,000 Long term capital losses - $8,000...

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You have the following: Short term capital losses - $9,000 Long term capital losses - $8,000 Short term capital gains - $10,000 Long term capital gains - $8,000 What amount is reported on page 1 of the Form 1040? O a. $4,000 short term gain O b. $1,000 long term gain Oc $1,000 long term loss Od. $1,000 short term gain Oe $1,000 short term loss OL $4.000 short term loss You have the following: Short term capital losses - $9,000 Long term capital losses - $8,000 Short term capital gains - $10,000 Long term capital gains - $8,000 What amount is reported on page 1 of the Form 1040? O a. $4,000 short term gain O b. $1,000 long term gain Oc $1,000 long term loss Od. $1,000 short term gain Oe $1,000 short term loss OL $4.000 short term loss

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Capital Gain or loss is increase or decrease in the value of capital asset which is realized when ... View the full answer