What is marcus net capital gain

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Reference no: EM133017042

Question - Marcus had the following transactions for the year on his capital assets:

Acquired

Item

Sold

Selling Price

Cost

9/13/2012

Stock

7/13/2020

$3,000

$4,500

6/20/2008

Stock

9/30/2020

$5,800

$2,000

7/1/2020

Stock

9/30/2020

$1,000

$1,300

In addition, Marcus has a long-term capital loss carryover from 2019 of $1,800. What is Marcus's 2020 net capital gain?

A. $700

B. $2,000

C. $2,300

D. $200

Reference no: EM133017042

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