An individual has the following recognized gains and losses from disposition of § 1231 assets (all the assets were vacant land): $15,000 gain, $10,000 loss, $25,000 gain, and $2,000 loss. the individual has a $5,500 § 1231 look-back loss. the individual also has a $16,000 net short-term capital loss from the disposition of stock. which of the following statements is correct? a. the taxpayer has $12,000 net long-term capital gain. b.the taxpayer has $5,500 ordinary loss and $6,500 net long-term capital gain. c.the taxpayer has $28,000 ordinary gain and $16,000 net short-term capital loss. d.the taxpayer has $5,500 ordinary gain and $6,500 net long-term capital gain. e.none of these choices are correct.