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