What is jessica current year net short-term capital gain

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Reference no: EM133435940

Question: In the current year, Jessica Fletcher (single) realized the following gains and losses: ($3,300) loss on the sale of her motorcycle she has owned for three months, $44,000 gain on the sale of $1202 qualified small business stock she owned since July 2008, ($7,200) loss on the sale of $1244 small business stock she has owned since September 2005, and ($6,800) loss on the sale of other stock she has owned for six months. In addition, Jessica had a ($4,600) long-term capital loss carryover trom the previous year

Looking at only any s short-term gains and losses, what is Jessica's current year net short-term capital gain/(loss)?

Looking at only any s short-term gains and losses, what is Jessica's current year net long-term capital gain/(loss)?

based on your responses above, how much net capital gain/(loss) will Jessica include in her current year AGI. (i.e., how much will she report on page 1 of her Form 1040)?

Reference no: EM133435940

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