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43 FACTS: Sam's is a single taxpayer (engaged to be married in 2022) whose 2021 income consists $90,000 in salary and a $30,000 net capital

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FACTS: Sam's is a single taxpayer (engaged to be married in 2022) whose 2021 income consists $90,000 in salary and a $30,000 net capital loss computed as follows: Short-termcapitalgainfromstockinvestmentLong-termcapitallossfromstockinvestmentNetcapitalloss$30,000($60,000)($30,000) 43. Compute Sam's 2021 Adjusted Gross Income. a. $3,000 90,00030,000 (b) $60,000 c. $87,000 d. $90,000 44. If Sam has a capital loss carryover, how long can the loss be carried over? a. 5 years b. 10 years c. 20 years

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