1. $3,800+ ($8,000) =$ (-4,200) Netting of long term capital gains and losses ($2,400) + 2,000 + ($500) = $ (-900) Netting of short term capital gains and losses (-4,200) + (-900) = $(-5,100) Netting of short and long term capital gains and losses 2. Total capital loss $5,100 Capital loss deduction for current yr Capital loss carryover (900) $4,200 Question 15 During the current year, Nancy had the following transactions: Short-term capital loss (2,400) Short-term capital gain 2,000 Short-term capital loss carryover from last year ( 500) Long-term capital gain Long-term capital loss 3,800 (8,000) 1. What is the amount of her capital loss deduction for the current year tax return? 2. What is the amount of her capital loss carryover? 0 / 1 point