What effect will Marcuss capital gains and losses have

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Question - Marcus has the following capital gains and losses during the current year:

25% Long-term capital loss $(9,000)

Regular (0/15/20%) Long-term capital loss (3,000)

Regular (0/15/20%) Long-term capital gain 2,000

28% Collectibles gain 1,000

Short-term capital loss (2,000)

Short-term capital gain 4,000

Required - After netting, what effect will Marcus's capital gains and losses have on his AGI this year?

a. Increase it by $9,000

b. Reduce it by $3,000

c. Reduce it by $5,000

d. They will not affect his AGI

e. None of these

Reference no: EM132533486

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