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17 60 points eBook In 2021, Rosalva sold stock considered short-term for a gain of $1,125 and stock considered long-term for a loss of
17 60 points eBook In 2021, Rosalva sold stock considered short-term for a gain of $1,125 and stock considered long-term for a loss of $3,760. Rosalva also had a $3,520 short-term loss carryover from 2020 and a $1,700 long-term loss carryover from 2020. Required: a. What amount will be shown as a short-term gain (loss) for 2021? b. What amount will be shown as a long-term gain (loss) for 2021? c. How much of the loss is deductible in 2021? d. What is the amount of long-term carryover to 2022? a. b. References C. Maximum loss deductible in 2021 d. Amount of long-term carryover to 2022
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