What is net short-term gain or loss

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Reference no: EM132702814

Otis, the taxpayer, has the following capital gains and losses for the year:

Short-term capital loss $ 1,750

Short-term capital gain $ 1,000

Long-term capital loss $ 2,000

Long-term capital gain $ 4,860

Problem 1: What is his net short-term gain (loss)?

Problem 2: What is his net long-term gain (loss)?

Problem 3: What amount of the gain (loss) is entered on his 1040, (line 13) Capital gain or (loss) from Schedule D?

Reference no: EM132702814

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