Seamus Had $16,000 of Net Short-Term Capital Loss in 2011

question 106

Multiple Choice

Seamus had $16,000 of net short-term capital loss in 2011. In 2012, 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 2012.
• B)Seamus has an $9,000 2012 net long-term capital gain.
• C)Seamus has a $4,000 2012 net short-term capital loss.
• D)a.and c.
• E)None of the above.

---

Definitions:

Enhanced Performance

Improvements in functioning, efficiency, or output, often achieved through interventions or optimizations.

Audience Present

The state or condition in which a group of people is physically in attendance to observe or listen to an event, performance, or presentation.

Brutality Of Prisons

Refers to the violent, harsh, and often inhumane treatment of inmates within the prison system.

Authoritarian Personalities

Characterized by a strong belief in total obedience or submission to one's own authority, often at the expense of personal freedom.