To better understand the rules for offsetting capital losses and how to treat capital losses carried forward, analyze the following data for an unmarried individual for the period 2019 through 2022. No capital loss carryforwards are included in the figures. For each year, determine AGI and the capital losses to be carried forward to a later tax year.

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AGI (excluding property transactions) STCG STCL LTCG LTCL AGI (including property transactions) STCL to be carried forward LTCL to be carried forward 2019 $40,000 4,000 9,000 6,000 5,000 2020 $50,000 5,000 3,000 10,000 21,000 2021 $60,000 7,000 5,000 2,200 1,000 2022 $70,000 10,000 12,000 6,000 9,500