Andy Has the Following Capital Gains and Losses During the Current

Multiple Choice

Andy has the following capital gains and losses during the current year:
Andy's capital gains and losses will
$$\begin{array} { l c } \text { Short-term capital gain } & \$ 4,000 \\\text { Short-term capital loss } & ( 9,000 ) \\\text { Collectibles loss } & ( 2,000 ) \\\text { Long-term capital gain } & 1,000\end{array}$$

A) Increase taxable income by $2,000.
B) Decrease taxable income by $6,000.
C) Decrease taxable income by $3,000.
D) Decrease taxable income by $4,000.