During the year, Tamara had capital transactions resulting in gains (losses) as follows: ...
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Accounting
During the year, Tamara had capital transactions resulting in gains (losses) as follows:
| Sold stock in ABC Company (acquired two years ago) | ($1,500) | |
| Sold collectible coins (held for more than one year) | $2,000 | |
| Sold stock in XYZ Company (acquired six months ago) | ($4,100) | |
| Sold stock in LMN Company (acquired three years ago) | $500 |
As a result of these transactions, Tamara has a net long-term capital gain of $X and a short-term capital loss of $X
Overall, Tamara has a net short-term capital loss of $X
I need help finding the Xs. please show how you got your answer. Thank you!
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