In 2015,Creeper Corporation Had a $4,000 Net Long-Term Capital Loss

question 65

Multiple Choice

In 2015,Creeper Corporation had a $4,000 net long-term capital loss which it could not carry back.For 2016,it had the following capital transactions:
Long-term capital gain
$2,000
Short-term capital gain
3,000
​
As a result of these transactions,for 2016 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 2017 of $2,000 long-term capital loss.
• E)None of the above.

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