Fundamentals of capital gains and losses


Bert Baker had $50,000 salary during 2010 and had the following capital gains and losses:

STCL carryover from 2009......($4,000)
STCL................................($2,000)
STCG................................($1,000)
LTCL carryover from 2009.......($5,000)
LTCL.................................($3,000)
LTCG................................($6,000)

How should Bert treat the above on his 2010 tax return?

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Accounting Basics: Fundamentals of capital gains and losses
Reference No:- TGS088967

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