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Coline has the following capital gain and loss transactions for 2022.
| a. | Short-term capital gain | $9,300 | | | b. | Short-term capital loss | (3,906) | | | c. | Long-term capital gain (28%) | 11,160 | | | d. | Long-term capital gain (15%) | 3,720 | | | e. | Long-term capital loss (28%) | (19,530) | | |
After the capital gain and loss netting process, what is the amount and character of Coline's gain or loss?
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Elliott has the following capital gain and loss transactions for 2022:
| a. | Short-term capital gain | $9,200 | | | b. | Short-term capital loss | (22,080) | | | c. | Long-term capital gain (28%) | 73,600 | | | d. | Long-term capital gain (25%) | 29,440 | | | e. | Long-term capital gain (15%) | 36,800 | | | f. | Long-term capital loss (28%) | (29,440) | | | g. | Long-term capital loss (15%) | (55,200) | | |
After the capital gain and loss netting process, what is the amount and character of Elliott's gain or loss?
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