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.
Georgia is the 24th largest and the 8th most populous of the 50 United States. From 2007 to 2008, 14 of Georgia's counties ranked among the nation's 100 fastest-growing, second only to Texas. Georgia is known as the Peach State and the Empire State of the South. Atlanta is the state's capital and its most populous city.Georgia is bordered on the south by Florida, on the east by the Atlantic Ocean and South Carolina, on the west by Alabama, and on the north by Tennessee and North Carolina. number of notable musicians in various genres of popular music are from Georgia. Included is Ray Charles (whose many hits include  Georgia on My Mind , now the official state song), and Gladys Knight (known for her Georgia-themed song,  Midnight Train to Georgia ).