1) Capital Gains (held for less than one year): $1502) Capital...

  1. ppmz
    109 Posts.
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    03/07/11
    14:21
    Post #: 8621716
    1) Capital Gains (held for less than one year): $150
    2) Capital Gains (held for more than one year): $1,170
    3) Capital Losses: $1,200

    Purely made up numbers here, what is the reportable CGT?

    a) loss of $465
    b) gain of $120
    c) gain of $60
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