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In 2018, Jenny Had a $12,000 Net Short-Term Capital Loss

Question 77

Multiple Choice

In 2018, Jenny had a $12,000 net short-term capital loss and deducted $3,000 as a capital loss deduction.In 2019, Jenny has a $18,000 0%/15%/20% long-term capital gain and no other capital gain or loss transactions.Which of the statements below is correct for 2019?


A) Jenny has a $18,000 net capital gain.
B) Jenny has a $9,000 net capital gain.
C) Jenny has a $9,000 net capital loss.
D) Jenny has a $3,000 capital loss deduction.
E) Jenny has a $9,000 capital loss deduction.

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