A taxpayer has the following gains and losses for the year: Short term capital loss: $2,500. Short term capital gain $1,000. Long term capital loss: $2,000. Long term capital gain $3,000.
What is his net short term gain (loss) ? What is his net long term gain (loss) ?
What amount of the gain (loss) is entered on his 1040 (line 13) Capital gain or loss from Schedule D?
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