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Elliott has the following capital gain and loss transactions for 2021. a. Short-term capital gain $1,500 b. Short-term capital loss (3,600) c. Long-term capital gain (28%) 12,000 d. Long-term capital gain (25%) 4,800 e. Long-term capital gain (15%) 6,000 f. Long-term capital loss (28%) (4,500) g. Long-term capital loss (15%) (9,000) After the capital gain and loss netting process, what is the amount and character of Elliott's gain or loss

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chilljain33

The net short term capital loss for Elliott for 2021 will be $(2100); and the net long term capital gain will be $9,300.

What is capital gain?

The gain or positive returns made on the investment or engagement of money during a particular period is known as a capital gain. A short term capital gain is derived within 1 year; and long term is more than a year.

Hence, the capital gains and losses made by Elliott are aforementioned.

Learn more about capital gain here:

https://brainly.com/question/24084696

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