30. Elliott has the following capital gain and loss transactions for 2015. Short-term capital gain… 1 answer below »

30.              Elliott has the following capital gain and loss transactions for 2015.

 

Short-term capital gain

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Short-term capital loss

(3,600)

Long-term capital gain (28%)

12,000

Long-term capital gain (25%)

4,800

Long-term capital gain (15%)

6,000

Long-term  capital  loss (28%)

(4,500)

Long-term  capital  loss (15%)

(9,000)

After the capital gain and loss netting process, what is the amount and character of Elliott’s gain or loss?

 

 

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