Multiple Choice
In 2019, Mark has $18,000 short-term capital loss, $7,000 28% gain, and $6,000 0%/15%/20% gain.Which of the following statements is correct?
A) Mark has a $5,000 capital loss deduction.
B) Mark has a $3,000 capital loss deduction.
C) Mark has a $13,000 net capital gain.
D) Mark has a $5,000 net capital gain.
E) Mark has a $18,000 net capital loss.
Correct Answer:

Verified
Correct Answer:
Verified
Q60: Martha has both long-term and short-term 2019
Q61: Phil's father who died on January 10,
Q62: Violet, Inc., has a 2019 $80,000 long-term
Q63: An individual taxpayer has a $2,500 short-term
Q64: Willie is the owner of vacant land
Q66: On January 18, 2018, Martha purchased 200
Q67: On June 1, 2019, Brady purchased an
Q68: The tax law requires that capital gains
Q69: A corporation has a $50,000 short-term capital
Q70: Hiram is a computer engineer and, while