Elaine Case (single with no dependents) has the following transactions in 2019:

AGI (exclusive of capital gains and losses)...........$240,000
Long-term capital gain................................................22,000
Long-term capital loss................................................(8,000)
Short-term capital gain...............................................19,000
Short-term capital loss.............................................(23,000)

What is Elaine’s net capital gain or loss? Draft a letter to Elaine describing how the net capital gain or loss will be treated on her tax return. Assume that Elaine’s income from other sources puts her in the 37% bracket. Elaine’s address is 300 Ireland Avenue, Shepherdstown, WV 25443.