In 20X8, Erin had the following capital gains (losses) from the sale of her investments: $2,000 LTCG, $25,000 STCG, ($9,000) LTCL, and ($15,000) STCL. What is the amount and nature of Erin's capital gains and losses?© BrainMass Inc. brainmass.com June 4, 2020, 2:32 am ad1c9bdddf
2,000-9,000 = -7,000 LTCL
25,000-15,000 = 10,000 STCG
Erin will ...
The solution provides the correct answer and calculation for calculating Erin's capital gains and losses.