In X8, Erin Had the Following Capital Gains (Losses) from the Sale

question 30

Multiple Choice

In X8, Erin had the following capital gains (losses) from the sale of her investments:$2,000 LTCG, $25,000 STCG, ($9,000) LTCL, and ($15,000) STCL. What is the amount and nature of Erin's capital gains and losses?

• A) $3,000 net short-term capital gain.
• B) $4,000 net long-term capital loss.
• C) $4,000 net short-term capital gain.
• D) $3,000 net long-term capital loss.
• E) None of the choices are correct.

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Definitions:

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The political policy of promoting the interests of native inhabitants against those of immigrants, often associated with anti-immigrant sentiments and actions.

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A temporary governmental authority established to manage state affairs until a permanent structure is instituted, often after a coup or during transitions.