Trista, a taxpayer in the 32% marginal tax bracket sold the following capital assets this year:250 shares of Bravo stock held 4 months(2,500) loss20 shares of ABC stock held 3 months4,000 gain100 shares of K Corp stock held 22 months(1,700) lossPersonal jewelry held 2 years4,800 gainWhat is the amount of and nature of (LT or ST) capital gain or loss? Be specific as to the rates at which gains, if any, are taxed.
What will be an ideal response?
| SHORT-TERM | LONG-TERM |
| Bravo | (2,500) | |K Corp | (1,700) |
| ABC | 4,000 | |Jewelry | 4,800 |
| ? | | |
| $1,500 STCG | $3,100 NLTCG |
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