An individual has a $40,000 § 1245 gain, a $35,000 § 1231 gain, a $33,000 § 1231 loss, a $3,000 § 1231 lookback loss, and a $15,000 long-term capital gain.The net long-term capital gain is:
A)$30,000.
B)$40,000.
C)$17,000.
D)$15,000.
E)None of these.

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The Answer of An individual has a $40,000 § 1245 gain, a $35,000 § 1231 gain, a $33,000 § 1231 loss, a $3,000 § 1231 lookback loss, and a $15,000 long-term capital gain.The net long-term capital gain is:
A)$30,000.
B)$40,000.
C)$17,000.
D)$15,000.
E)None of these.

An Individual Has a $40,000 § 1245 Gain, a $35,000