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.
Ultra is the biggest electronic music festival in the United States. It takes place every year in Miami, Florida. Since 1999, Ultra has grown from a small underground weekend festival to an annual gathering of hundreds of thousands of people.