Alan Has the Following Capital Gains and Losses During the Current

Multiple Choice

Alan has the following capital gains and losses during the current year: Alan's capital gain/loss position for the year is:

A) Long-term gain $8,000; short-term capital loss $1,000.
B) Net long-term capital gain $7,000.
C) Short-term capital loss $4,000; long-term capital gain $11,000
D) Collectibles gain $3,000; long-term capital gain $4,000