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During 2018, Trevor Has the Following Capital Transactions

Question 3

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During 2018, Trevor has the following capital transactions: During 2018, Trevor has the following capital transactions:   After the netting process, the following results: A)  Long-term collectible gain of $2,000. B)  LTCG of $6,000, Long-term collectible gain of $2,000, and a STCL of $6,000. C)  LTCG of $6,000, Long-term collectible gain of $2,000, and a STCL carryover to 2019 of $3,000. D)  LTCG of $2,000. E)  None of these.
After the netting process, the following results:


A) Long-term collectible gain of $2,000.
B) LTCG of $6,000, Long-term collectible gain of $2,000, and a STCL of $6,000.
C) LTCG of $6,000, Long-term collectible gain of $2,000, and a STCL carryover to 2019 of $3,000.
D) LTCG of $2,000.
E) None of these.

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