In 2019, Creeper Corporation Had a $4,000 Net Long-Term Capital $\begin{array} { r } \text {Long-term capital gain}&\$ 2,000 \\\text {Short-term capital gain}&3,000\end{array}$

question 1

Multiple Choice

In 2019, Creeper Corporation had a $4,000 net long-term capital loss that it could not carry back.For 2020, it had the following capital transactions. $\begin{array} { r } \text {Long-term capital gain}&\$ 2,000 \\\text {Short-term capital gain}&3,000\end{array}$
As a result of these transactions, for 2020 Creeper has a:

• A)Net short-term capital gain of $1,000.
• B)Net short-term capital gain of $3,000.
• C)Net long-term capital gain of $1,000.
• D)Carryover to 2021 of $2,000 long-term capital loss.

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