Seamus Had $16,000 of Net Short-Term Capital Loss in 2016

question 29

Multiple Choice

Seamus had $16,000 of net short-term capital loss in 2016. In 2017, Seamus has $17,000 of long-term capital loss and $26,000 of long-term capital gain. Which of the following statements is correct?

• A) Seamus had a $13,000 short-term capital loss carryover to 2017.
• B) Seamus has an $9,000 2017 net long-term capital gain.
• C) Seamus has a $4,000 2017 net short-term capital loss.
• D) a. and c.e. None of the above.

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