In X8, Erin Had the Following Capital Gains (Losses) from the Sale

question 91

Multiple Choice

In X8, Erin had the following capital gains (losses) from the sale of her investments: $2,000 LTCG, $25,000 STCG, ($9,000) LTCL, and ($15,000) STCL. What is the amount and nature of Erin's capital gains and losses?

• A) $3,000 net short-term capital gain
• B) $3,000 net long-term capital loss
• C) $4,000 net short-term capital gain
• D) $4,000 net long-term capital loss
• E) None of these

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