Rosie has $24,000 short-term capital loss, $10,500 28% gain and $9,000 0%/15%/20% gain. Which of the following statements is correct?
a. Rosie has a $19,500 net capital gain
b. Rosie has a $7,500 capital loss deduction of which they can claim only $3,000 to reduce taxable income in the current year.
c. Rosie has a $7,500 net capital gain.
d. None of the choices presented are correct.
e. Rosie has a $4,500 capital loss deduction of which they can claim only $3,000 to reduce taxable income in the current year.