Multiple Choice
In addition to his salary, Peter realizes a $1,000 short-term capital gain and a $5,000 long-term capital loss. The net effect of the capital asset transactions on Peter's adjusted gross income is
A) $-0-
B) $1,000
C) $(3,000)
D) $(4,000)
E) $(5,000)
Correct Answer:
Verified
Correct Answer:
Verified
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