Business, 08.04.2021 18:50 que40

In 2020, Bertha Jarow had a $28,000 loss from the sale of a personal residence. She also purchased from an individual inventor for $7,000 (and resold in two months for $18,000) a patent on a rubber bonding process. The patent had not yet been reduced to practice. Bertha purchased the patent as an investment. In addition, she had the following capital gains and losses from stock transactions: Long-term capital loss ($6,000)
Long-term capital loss carryover from 2019 (12,000)
Short-term capital gain 21,000
Short-term capital loss (7,000)

Required:
What is Bertha's net capital gain or loss?

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In 2020, Bertha Jarow had a $28,000 loss from the sale of a personal residence. She also purchased f...

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