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What is the amount of Mr Jones capital gain net income

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Mr. Jones had the following capital transactions during the current year:

Short-term capital gain  $1,000
Short-term capital loss   2,700
Long-term capital gain    6,500
Long-term capital loss     1,800

Problem 1: What is the amount of Mr. Jones's capital gain net income (or loss) on his Schedule D?

Option 1: $4,700
Option 2: $7,500
Option 3: $(3,000)
Option 4: $3,000

Reference no: EM132843526

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