Seamus Had $16,000 of Net Short-Term Capital Loss in 2017

question 130

Multiple Choice

Seamus had $16,000 of net short-term capital loss in 2017. In 2018, 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 2018.
• B) Seamus reports an overall $9,000 net capital gain in 2018.
• C) Seamus reports an overall $4,000 net short-term capital loss in 2018.
• D) a. and c.
• E) None of the above.