Seamus Had $16,000 of Net Short-Term Capital Loss in 2012

question 74

Multiple Choice

Seamus had $16,000 of net short-term capital loss in 2012.In 2013,Seamus has $17,000 of long-term capital loss and $26,000 of long-term capital gain.Which of the following statements is correct?

• A)Seamus had a $13,000 short-term capital loss carryover to 2013.
• B)Seamus has an $9,000 2013 net long-term capital gain.
• C)Seamus has a $4,000 2013 net short-term capital loss.
• D)a.and c.
• E)None of the above.

---

Definitions:

Causation

The relationship between two variables where a change in one directly results in a change in the other.

Relationship

A connection or association between two or more elements, typically emphasizing how they affect each other.

Rate of Inflation

The percentage increase in the general level of prices for goods and services in an economy over a period of time.

Unemployment Rate

The percentage of the labor force that is jobless and actively looking for employment.