In 2017, Mark has $18,000 short-term capital loss, $7,000 28% gain, and $6,000 0%/15%/20% gain. Which of the statements below is correct?
a. Mark has a $5,000 capital loss deduction.
b. Mark has a $3,000 capital loss deduction.
c. Mark has a $13,000 net capital gain.
d. Mark has a $5,000 net capital gain.
e. Mark has a $18,000 net capital loss.
b
RATIONALE: There is a net short-term capital loss of $5,000 ($18,000 short-term capital loss – $7,000 28% gain – $6,000 0%/15%/20% gain) of which $3,000 is deductible for AGI as a capital loss deduction.
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Hungry Howie's is currently operating at 96 percent of capacity. The profit margin and the dividend payout ratio are projected to remain constant. Sales are projected to increase by 3 percent next year. What is the projected addition to retained earnings for next year?
A. $1,309.19 B. $1,421.40 C. $1,884.90 D. $2,667.78 E. $3,001.40
Intruders typically use steps from a common attack methodology
Indicate whether the statement is true or false.