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    This posting addresses capital gains and losses.

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    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?

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    Solution Preview

    Long term
    2,000-9,000 = -7,000 LTCL

    Short term
    25,000-15,000 = 10,000 STCG

    Erin will ...

    Solution Summary

    The solution provides the correct answer and calculation for calculating Erin's capital gains and losses.