Netting Process Bill report the following capital gains and losses for the year: Short term capital gain = $2000 Short term capital loss = $ - 5000 Long term capital gain (28%) = $6000 long term capital gain (25%) = $4000 long term capital loss (15%) = $-1000 compute bill\'s net capital net capital gain or loss Solution Net Capital Gain or Loss: Net Capital: .

1. Netting Process
Bill report the following capital gains and losses for the year:
Short term capital gain = $2000
Short term capital loss = $ - 5000
Long term capital gain (28%) = $6000
long term capital gain (25%) = $4000
long term capital loss (15%) = $-1000
compute bill's net capital net capital gain or loss
Solution
Net Capital Gain or Loss:
Net Capital:
Amount($)
Short Term Capital Gain 2,000
Long Term Capital Gain 6,000
Long Term Capital Gain 4,000
- Short Term Capital Loss 5,000
- Long Term Capital Loss 1,000
Net Capital Gain 6,000