In 2017, Mark Has $18,000 Short-Term Capital Loss, $7,000 28

question 66

Multiple Choice

In 2017, 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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