SF004 Notes 3.docx - SF004 Notes 3 Net short Term capital...

This preview shows page 1 - 2 out of 2 pages.

SF004 Notes 3 Net short Term capital gain /loss=2000 - 5000=-$3000 so, Net short term capital loss = -$3000 -------------------------1 Net Long term Capital gain /loss = 6000+4000 - 1000 = $9000 so net long term capital gain = $9000------------------------------2 so net capital gain = 9000-3000 = $6000 1. Short term capital gain = $2,000 - $2,000 = 0 2. Long term capital gain (28%) = $6,000 3. Long term capital gain (25%) = $4,000 - $1,000 - $3,000 = 0 Thus Net Capital Gain(25%) = $6,000 Carol has the following in 2016: $30,000 of short-term capital gains, $22,000 of short-term capital losses, $32,000 of long-term capital gains and $55,000 of long term capital losses. What is Carol’s net capital gain income or loss for 2016? As per the law of sett of of loss against the income of the company following treatment will be
Image of page 1

Subscribe to view the full document.

Image of page 2
  • Summer '19
  • Long-Term Capital Management, Net short Term capital gain

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    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.

    Student Picture

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

  • Left Quote Icon

    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.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    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.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern