Question
If you bought stock for $50,000 in 2015 and sell it for $45,000 during 2021 and after living in your home for 3 years, you
If you bought stock for $50,000 in 2015 and sell it for $45,000 during 2021 and after living in your home for 3 years, you sold it for a gain of $100,000, how much can you claim as capital losses or capital gains on your future tax returns?
A. $3,000 of capital losses can be claimed on your 2021 tax return and nothing on future tax returns
B. $3,000 of capital losses can be claimed on your 2021 tax return and $2,000 can be claimed on your 2022 tax return
C. You have a Capital Gain of $95,000, and you will pay income tax on the gain at the long-term capital gains tax rate
D. $5,000 of capital losses can be claimed on your 2021 tax return
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