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

question 83

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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Definitions:

Bond

A financial instrument representing a loan made by an investor to a borrower, typically used by companies, municipalities, states, and sovereign governments to finance projects and operations.

Rational Investor

An individual who makes investment decisions based on logical analysis, aiming to maximize returns and minimize risks.

Interest Rate

The rate at which a borrower pays interest to a lender for borrowing money.

Bond

A fixed income instrument that represents a loan made by an investor to a borrower, typically corporate or governmental.