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Seamus Had $16,000 of Net Short-Term Capital Loss in 2017

Question 130

Multiple Choice

Seamus had $16,000 of net short-term capital loss in 2017. In 2018, Seamus has $17,000 of long-term capital loss and $26,000 of long-term capital gain. Which of the following statements is correct?


A) Seamus had a $13,000 short-term capital loss carryover to 2018.
B) Seamus reports an overall $9,000 net capital gain in 2018.
C) Seamus reports an overall $4,000 net short-term capital loss in 2018.
D) a. and c.
E) None of the above.

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