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:

Linear Effects

Phenomena or changes that are directly proportional to the changes in an independent variable, showing a straight-line relationship in graphical representations.

Worst Predictor

A variable or factor that provides little to no useful information in forecasting or predicting outcomes.

Linear Effects

The impact on a dependent variable that is proportional to the change in an independent variable, suggesting a straight-line relationship in a statistical model.

Months Of Service

The total number of months an individual has worked or served in a particular job or capacity.