Sharon has the following results of netting her short-term and long-term capital gains and losses for 2015: $56,000 short-term capital loss,and $82,000 net long-term capital gain ($21,000 0%/15%/20% long-term capital gain,and $61,000 25% long-term capital gain). (a) What is her net capital gain or loss for 2015? (b) If there is a net capital loss,how much of the loss and what type of loss carries over to 2016? (c) If there is a net long-term capital gain,what is it made up of?

Question

Sharon has the following results of netting her short-term and long-term capital gains and losses for 2015: $56,000 short-term capital loss,and $82,000 net long-term capital gain ($21,000 0%/15%/20% long-term capital gain,and $61,000 25% long-term capital gain). (a) ​ What is her net capital gain or loss for 2015? (b) ​ If there is a net capital loss,how much of the loss and what type of loss carries over to 2016? (c) If there is a net long-term capital gain,what is it made up of?

Quizplus · Accepted Answer

The Answer of Sharon has the following results of netting her short-term and long-term capital gains and losses for 2015: $56,000 short-term capital loss,and $82,000 net long-term capital gain ($21,000 0%/15%/20% long-term capital gain,and $61,000 25% long-term capital gain). (a) ​ What is her net capital gain or loss for 2015? (b) ​ If there is a net capital loss,how much of the loss and what type of loss carries over to 2016? (c) If there is a net long-term capital gain,what is it made up of?

Sharon Has the Following Results of Netting Her Short-Term and Long-Term