In 2009 mark has 18000 short-term capital loss 7000 long, Ask an Expert

Accounting

In 2009, Mark has $18000 short-term capital loss, $7000 long term gain, and $6000 long term gain. Which of the statements below is correct?

a. Mark has a $5000 capital loss deduction.

b. Mark has a $3000 capital loss deduction.

c. Mark has a $13000 net capital gain.

d. Mark has a $5000 net capital gain.

e. Mark has a $18000 net capital loss .

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9403166

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