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

question 27

Essay

Sharon has the following results of netting her short-term and long-term capital gains and losses for 2019: $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 2019?
b.If there is a net capital loss, how much and what type of the loss carries over to 2020?
c.If there is a net long-term capital gain, what is it made up of?


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