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.
Nashville is the capital and second largest city in Tennessee. Known worldwide as the center of country music, it has long been a destination for music-related tourism. The city has been working for some time to renovate its downtown area and attract first-class amenities.