In 2011,Creeper Corporation Had a $4,000 Net Long-Term Capital Loss

question 59

Multiple Choice

In 2011,Creeper Corporation had a $4,000 net long-term capital loss which it could not carry back.For 2012,it had the following capital transactions: As a result of these transactions,for 2012 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 2013 of $2,000 long-term capital loss.
• E) None of the above.

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