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I just would like explenations how to slove these two questions please. I have the answers but I don't know how to get them, Please
I just would like explenations how to slove these two questions please. I have the answers but I don't know how to get them, Please help me out. Thank you, These answers for the two questions are correct, just show me how to get them pleae
To better understand the rules for offsetting capital losses and how to treat capital losses carried forward, analyze the following data for an unmarried individual for the period 2014 through 2017. No capital loss carryforwards are included in the figures. Requirement For each year, determine AGl and the capital losses to be carried fonward to a later tax year.(lf a box is not used in the table leave the box empty, do not enter a zero. Enter loss amounts as a positive number.) 2014 2015 2016 2017 AGI (excluding property transactions STCG STCL LTCG LTCL AGI (including property S 48,000 S58,000 S 68,000 S 78,000 9,500 500 2,500 5,000 9,000 1,500 9,500 8,250 6,750 5,500 1,250 10,500 22,000 7,500 5,200 5,000 45,000$ 55,000 $ 65,000 S 75,000 transactions) STCL to be carried forward TCL to be carried forward 3,500 7,750 550 4,550 To better understand the rules for offsetting capital losses and how to treat capital losses carried forward, analyze the following data for an unmarried individual for the period 2014 through 2017. No capital loss carryforwards are included in the figures. Requirement For each year, determine AGl and the capital losses to be carried fonward to a later tax year.(lf a box is not used in the table leave the box empty, do not enter a zero. Enter loss amounts as a positive number.) 2014 2015 2016 2017 AGI (excluding property transactions STCG STCL LTCG LTCL AGI (including property S 48,000 S58,000 S 68,000 S 78,000 9,500 500 2,500 5,000 9,000 1,500 9,500 8,250 6,750 5,500 1,250 10,500 22,000 7,500 5,200 5,000 45,000$ 55,000 $ 65,000 S 75,000 transactions) STCL to be carried forward TCL to be carried forward 3,500 7,750 550 4,550Step by Step Solution
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