Step 2. Net the $4,000 Section 1231 gain with the long-term capital gains and losses; the result is a net $1,000 long-term capital gain ($4,000 + $4,000 - $7,000). Step 3. The $3,000 short-term capital gain is netted with the $6,000 short-term capital loss; the result is a net $3,000 short-term capital loss.
Along with musical centers such as Philadelphia, Seattle, Portland, New York City, San Francisco, New Orleans, Detroit, Minneapolis, Chicago, Miami, Atlanta, Nashville, Austin, and Los Angeles, many smaller cities such as Asbury Park, New Jersey have produced distinctive styles of music.
Detroit, Cleveland, Toledo lead U.S. in population loss; San Jose now among 10 cities above 1 million. 10 largest U.S. cities. New York, Los Angeles and Chicago still lead the list of the 10 largest cities in the United States, according to new estimates for 2014 from the Census Bureau.