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For 2021, Sherri has a short-term loss of $2,710 and a long-term loss of $7,200. a. How much loss can Sherri deduct in 2021? Deductible

For 2021, Sherri has a short-term loss of $2,710 and a long-term loss of $7,200.

a. How much loss can Sherri deduct in 2021?

Deductible loss = __________

image text in transcribed

b. How much loss will Sherri carry over to 2022, and what is the character of the loss carryover? Long term capital loss Short term capital loss

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