Question

Janay Lewis has the following capital gain and loss transactions for 2019. Short-term capital gain $150,000...

  1. Janay Lewis has the following capital gain and loss transactions for 2019.

Short-term capital gain

$150,000

Short-term capital loss

(360,000)

Long-term capital gain (28%)

1,200,000

Long-term capital gain (25%)

480,000

Long-term capital gain (15%)

600,000

Long-term capital loss (28%)

(450,000)

Long-term capital loss (15%)

(900,000)

                 After the capital gain and loss netting process, what is the amount and character of Janay Lewis' gain or loss

Long-term capital gain (28%)                  

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