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10. Capital Losses. (Obj. 3) Compute the capital loss deduction that can be claimed in 2019 for each of the following individual taxpayers. Also, compute
10. Capital Losses. (Obj. 3) Compute the capital loss deduction that can be claimed in 2019 for each of the following individual taxpayers. Also, compute the capital loss carryover to 2020 by type (short-term, long-term) of loss. If none, insert None. Taxpayers A and B file as single. Taxpayer C files as head of household. Taxpayer D is a married couple filing a joint tax return. Taxpayer E is a married person who is filing a separate tax return from her spouse. Gains and Losses A B D Short-term capital gains $ 900 $ 800 0 $ 400 Short-term capital losses (6,200) (1,200) (400) (2,400) Long-term capital gains 800 2,200 800 1,600 Long-term capital losses (600) (800) (1,150) (4,200) (2,600) Capital loss deduction in 2019 $ $ 3,200 (8,600) 1,400 Short-term loss carryover $ to 2020 Long-term loss carryover to 2020 $
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