Alan has the following capital gains and losses during the current year: Short-term capital loss...

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Accounting

Alan has the following capital gains and losses during the current year: Short-term capital loss $(4,000) Collectibles gain 3,000 Long-term capital gain 8,000 Alan's capital gain/loss position for the year is:
A
Short-term capital loss $4,000
B
Net long-term capital gain $7,000
C
short-term capital loss $1,000
D
Long-term gain $8,000
E
long-term capital gain $11,000

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