Capital Losses. To better understand the rules for offsetting capital losses and how to treat capital losses carried forward, analyze the following data for an unmarried indi- vidual for the period 2016 through 2019. No capital loss carryforwards are included in the figures. For each year, determine AGI and the capital losses to be carried forward to a later tax year. 1:5-49 2018 2019 2016 2017 AGI (excluding property $70,000 10,000 12,000 6,000 9,500 $60,000 7,000 5,000 2,200 1,000 $50,000 5,000 3,000 $40,000 4,000 9,000 6,000 5,00 transactions) STCG STCL 10,000 21,000 LTCG LTCL AGI (including property transactions) STCL to be carried forward LTCL to be carried forward