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

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

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