Seamus Had $16,000 of Net Short-Term Capital Loss in 2009

question 89

Multiple Choice

Seamus had $16,000 of net short-term capital loss in 2009.In 2010,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 2010.
• B)Seamus has an $11,000 2010 net long-term capital gain.
• C)Seamus has a $2,000 2010 net short-term capital loss.
• D)a.and c.
• E)None of the above.

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Definitions:

High-Tech Architecture

A contemporary architectural style calling for buildings that incorporate the latest innovations in engineering and technology and expose the structures’ component parts.

Renzo Piano's Tjibaou Cultural Centre

A landmark of contemporary architecture in Nouméa, New Caledonia, designed by Renzo Piano, which celebrates the culture of the Kanak people.

Architectural Style

The characteristic form and detail of buildings from a particular period, region, or original philosophy.

New Caledonia

A French territory located in the southwest Pacific Ocean, known for its rich biodiversity and unique indigenous Kanak culture.