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For 2016, Sherri has a short-term loss of $2,950 and a long-term loss of $6,600. a. How much loss can Sherri deduct in 2016? b.

For 2016, Sherri has a short-term loss of $2,950 and a long-term loss of $6,600.

a. How much loss can Sherri deduct in 2016?

b. How much loss will Sherri carryover to 2017, and what is the character of the loss carryover?

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