Sharon Has the Following Results of Netting Her Short-Term and Long-Term

question 18

Essay

Sharon has the following results of netting her short-term and long-term capital gains and losses for 2013: $56,000 short-term capital loss,and $82,000 net long-term capital gain ($21,000 0%/15%/20% long-term capital gain,and $61,000 25% long-term capital gain).
(a) What is her net capital gain or loss for 2013?
(b) If there is a net capital loss, how much of the loss and what type of loss camies over to 2014?
(c) If there is a net long-term capital gain what is it made up of?

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Definitions:

Employment Conditions

The various aspects of a job that an employee agrees to when they accept employment, including salary, hours, and work environment.

Social and Economic

Pertaining to the intersection of social relations, systems, and economic activity within a society.

Instant Elections

Swiftly organized votes, possibly leveraging technology, to decide on issues of immediate concern, often within a workplace or organizational context to gauge opinion or decide on actions.

Labor Protections

Laws and regulations designed to establish safe working conditions, fair wages, and protection from unfair labor practices for workers.