15 Wayne has the following transactions this year from the sale of capital assets: STCG of $10,000, a STCL of $12,000, a LTCG of $4,000 and a LTCL of $7,000. As a result of these transactions, Wayne will of Select one: a. deduct losses of $3,000 against ordinary income and carry $2.000 of LTCL forward. O b. None of the above c. deduct losses of $3,000 against ordinary income and carry $4,000 of losses back two years. d. deduct net losses of $4,000 against ordinary income. e. deduct losses of $3,000 against ordinary income and carry $2,000 of LTCL forward. 16 George who is single sold a personal residence on 3/1/2020. He claimed the Section 121 $250,000 Exclusion. George owns a second home. He lived in it as his primary residence beginning 10/31/2019. In order to claim the exclusion he must sell the second home after. ut of Select one: a. 12/31/2021 O b. 10/31/2021 c. 12/31/2022 d. 3/1/2022