Seamus Had $16,000 of Net Short-Term Capital Loss in 2010

question 41

Multiple Choice

Seamus had $16,000 of net short-term capital loss in 2010.In 2011,Seamus has $15,000 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 2011.
• B) Seamus has an $11,000 2011 net long-term capital gain.
• C) Seamus has a $2,000 2011 net short-term capital loss.
• D) a. and c.
• E) None of the above.

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