In 2009,Jenny Had a $12,000 Net Short-Term Capital Loss and Deducted

question 99

Multiple Choice

In 2009,Jenny had a $12,000 net short-term capital loss and deducted $3,000 as a capital loss deduction.In 2010,Jenny has a $16,000 0%/15% long-term capital gain and no other capital gain or loss transactions.Which of the statements below is correct?

• A)Jenny has a 2010 $18,000 net capital gain.
• B)Jenny has a 2010 $7,000 net capital gain.
• C)Jenny has a 2010 $7,000 net capital loss.
• D)Jenny has a 2010 $3,000 capital loss deduction.
• E)Jenny has a 2010 $7,000 capital loss deduction.

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Definitions:

School Age

A stage in human development that typically refers to the period when children attend primary and secondary school, generally between the ages of 5 and 18.

Middle Adolescence

A developmental stage typically ranging from ages 14 to 17, characterized by increased independence, identity exploration, and emotional and social development.

Emotionality

The capacity to experience and display emotions.

Increases

A rise or growth in quantity, size, value, or intensity of something.