SF004 Part 2 Notes .docx

SF004 Part 2 Notes .docx - SF004 Notes Part 2 Coline has...

• Notes
• 3

This preview shows page 1 - 3 out of 3 pages.

SF004 Notes Part 2 Coline has the following capital gain and loss transactions for 2017. Please show work. a. Short-term capital gain \$8,100 b. Short-term capital loss (3,402) c. Long-term capital gain (28%) 9,720 d. Long-term capital gain (15%) 3,240 e. Long-term capital loss (28%) (17,010) After the netting process, Coline has an overall of \$_______. Note : First adjust short term capital losses with short tein.rm gains & long term losses with long term gains. Afterwards remaining net losses (if any) can be adjusted with either type of gain. Net short term capital gains = Short-term capital gain - Short-term capital loss = \$8,100 - \$3,402 =\$4,698 Net long term capital loss = Long-term capital loss - Long-term capital gain = \$17,010 - \$9,720 - \$3,240 = (\$4,050) Coline has an overall Net short term capital gains = \$4,698 - \$4,050 = \$648

Subscribe to view the full document.

• Summer '19
• Finance, Long-Term Capital Management, short-term capital gain, netting process

{[ snackBarMessage ]}

What students are saying

• As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

Kiran Temple University Fox School of Business ‘17, Course Hero Intern

• I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

Dana University of Pennsylvania ‘17, Course Hero Intern

• The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

Jill Tulane University ‘16, Course Hero Intern