Determine the net effect on Tamara’s adjusted gross income with regard to these capital asset transactions that occurred this year. With explaination.
• Sold ABC Co. Stock, acquired 2 years ago, for a $1,500 loss.
• Sold collectible coins, held for 17 months, for a $2,000 gain.
• Sold XYZ Co. Shares, acquired 6 months ago, for a $4,100 loss.
• Sold LMN Co. Stock, acquired 3 years ago, for a $500 gain
