In 2015,Jenny Had a $12,000 Net Short-Term Capital Loss and Deducted

question 61

Multiple Choice

In 2015,Jenny had a $12,000 net short-term capital loss and deducted $3,000 as a capital loss deduction.In 2016,Jenny has a $18,000 0%/15%/20% long-term capital gain and no other capital gain or loss transactions.Which of the statements below is correct for 2016?

• A)Jenny has a $18,000 net capital gain.
• B)Jenny has a $9,000 net capital gain.
• C)Jenny has a $9,000 net capital loss.
• D)Jenny has a $3,000 capital loss deduction.
• E)Jenny has a $9,000 capital loss deduction.

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Definitions:

Recessive Monohybrid

An individual resulting from a cross between parents with different alleles for a single gene, who carries two recessive alleles for that gene.

Allele Combination

The specific pairing of alleles located on chromosomes that determines a particular genetic trait in an organism.

Heterozygous

Describes an organism that has two different alleles for a specific gene, resulting in genetic variation.

Genotypic

Genotypic refers to the genetic constitution of an organism, including all of its genes and alleles, which can influence its phenotype or observable characteristics.