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At the end of a year, an investor has the following gains and losses in her trading account. How much is the amount of tax
At the end of a year, an investor has the following gains and losses in her trading account. How much is the amount of tax loss carryover (if any) to the next calendar year? How much is long-term loss and how much is short-term loss? Explain your answers. Show your work and highlight your final answers.
Realized losses | Unrealized losses | Realized gains | Unrealized gains | |
Short term | $4,000 | $12,000 | $15,000 | $10,000 |
Long term | $29,000 | $7,000 | $2,000 | $0 |
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