In 2015,Mark Has $18,000 Short-Term Capital Loss,$7,000 28% Gain,and $6,000

question 69

Multiple Choice

In 2015,Mark has $18,000 short-term capital loss,$7,000 28% gain,and $6,000 0%/15%/20% gain.Which of the statements below is correct?

• A)Mark has a $5,000 capital loss deduction.
• B)Mark has a $3,000 capital loss deduction.
• C)Mark has a $13,000 net capital gain.
• D)Mark has a $5,000 net capital gain.
• E)Mark has a $18,000 net capital loss.

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Definitions:

Grandparents

The parents of one's parents, often playing significant roles in family structures and child development.

Adult Children

Individuals who are legally adults but are considered children in relation to their parents or familial context.

Caregiver

An individual who provides care for another person, such as a child, elderly, or someone with a disability.

IADLs

Stands for Instrumental Activities of Daily Living, which are activities related to independent living, such as managing finances, transportation, and housekeeping.