During the year Tamara had capital transactions resulting in
During the year, Tamara had capital transactions resulting in gains (losses) as follows:
As a result of these transactions, Tamara has a of $ and a of $.
Overall, Tamara has a net of $.
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Solution
Tamara has
 Short term capital loss of $(17,080)
 Long term capital Gain-($6,100)+$8,540+$2,135=$4,575
 Overall a net capital loss of($4,575-$17,080)= ($12,505)
Capital gains and losses are netted.If there is a net loss , the taxpayer may deduct a maximum of $3,000 against other income.The remaining net capital loss is carried forward idefinitely.(These all are capital asset)
Note:
 if you hold the asset for more than one year before you dispose of it, your capital gain or loss is long-term. If you hold it one year or less, your capital gain or loss is short-term

