LO.7 Ernie has a 2011 net long-term capital loss of $45,000 on his Form 1040 Schedule D,
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LO.7 Ernie has a 2011 net long-term capital loss of $45,000 on his Form 1040 Schedule D, line 16, and a 2011 net § 1231 loss of $37,000 on Form 4797. Where is the last place the $37,000 would be entered on the 2011 Form 4797? What is Ernie’s AGI from these transactions?
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Related Book For
South Western Federal Taxation 2013 Individual Income Taxes
ISBN: 9781133189558
36th Edition
Authors: William Hoffman, James E. Smith
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