Homework Answers
Ans:
| Assets | Holding period | Gain or loss($) |
| Asset 1 | 18 months | (27,100) |
| Assets 2 | 2 months | 16,260 |
| Assets 3 | 3 years | 33,875 |
| Total Gain= | 22,945 |
As a result of these transactions tucker has earned short term capital gain of $16,260 and long term capital gain of $ 6775 , hence net capital gain of tucker will be $22.945
Therefore he treats all of the gains and losses as capital gains and losses
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