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During 2021, Dana had a capital loss of $5,233 on a sale of investment property. Dana had no other capital transactions. Her 2021 tax return
During 2021, Dana had a capital loss of $5,233 on a sale of investment property. Dana had no other capital transactions. Her 2021 tax return reflected ordinary income of $42,500 and taxable income (before exemptions) of $1,057. What is the amount of the capital loss carryover to 2022?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
