1.)Martell incurred a net long-term capital loss of $4,000 and no short-term capital gains or losses. Assuming his other income is $40,000, he will be able to deduct what amount?

	a.	$2,400
	b.	$4,000
	c.	$3,000
	d.	$2,000

2.) In 2018, Mark has $18,000 short-term capital loss, $7,000 28% gain, and $6,000 0%/15%/20% gain. Which of the statements below is correct?

	a.	Mark has a $13,000 net capital gain.
	b.	Mark has a $5,000 net capital gain.
	c.	Mark has a $5,000 capital loss deduction
	d.	Mark has a $3,000 capital loss deduction