Gabrielle Has the Following Gains and Losses for the Current

question 131

Multiple Choice

Gabrielle has the following gains and losses for the current year:
?
$$\begin{array} { l r } \text { Short-term capital loss } & \$ ( 8,000 ) \\\text { Long-term capital gain } & 3,000 \\\text { Section } 1231 \text { gain } & 3,000 \\\text { Section } 1231 \text { loss } & ( 5,000 ) \end{array}$$
What is Gabrielle's net capital gain or loss position for the year?

• A)$7,000 net short-term capital loss.
• B)$3,000 net short-term capital gain.
• C)$5,000 net short-term capital loss.
• D)$3,000 net short-term capital gain

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Individuals or groups with an interest in the decisions and outcomes of a business, project, or policy, including employees, customers, investors, and communities.

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