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KNOWLEDGE CHECK

Technical
Investment planning

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* Jasmine has four trades during the year, including (1) a short-term capital gain of $10,000, (2) a short-term capital loss of $3,000, (3) a long-term capital gain of $8,000, and (4) a long-term capital loss of $14,500. What is the result of her combined capital transactions?

A net short-term capital gain of $500.

Both a short-term gain of $18,000 and a long-term loss of $15,500.

The short-term loss should be reported on Schedule B.

The losses and gains cannot be combined.

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Technical Investment planning

Technical Investment planning

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Technical
Investment planning

Technical
Investment planning