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For 2015, Sherri has a short-term loss of $2,740 and a long-term loss of $5,400. a. How much loss can Sherri deduct in 2015? b.

For 2015, Sherri has a short-term loss of $2,740 and a long-term loss of $5,400.

a. How much loss can Sherri deduct in 2015?

b. How much loss will Sherri carryover to 2016, and what is the character of the loss carryover?

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