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What is the amount and character of Elliott gain or loss

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Reference no: EM132671089

Problem - Elliott has the following capital gain and loss transactions for 2019.

Short-term capital gain $1,500

Short-term capital loss (3,600)

Long-term capital gain (28%) 12,000

Long-term capital gain (25%) 4,800

Long-term capital gain (15%) 6,000

Long-term capital loss (28%) (4,500)

Long-term capital loss (15%) (9,000)

After the capital gain and loss netting process, what is the amount and character of Elliott's gain or loss?

Reference no: EM132671089

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