What is ulma''s net capital gain or loss


Ulma had the following transactions during 2006: a painting held for three years and sold at a gain of $45,000; 100 shares of Gray stock held six months and sold for a loss of $13,000; 50 shares of Yellow stock held 18 months and sold for a gain of $36,000. Ulma also had $344,000 of taxable income from other sources than these property transactions. What is Ulma's net capital gain or loss and what is her taxable income?

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Accounting Basics: What is ulma''s net capital gain or loss
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