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In 2017, Rosalva sold stock considered short-term for a gain of $990 and stock considered long-term for a loss of a $3,410 short-term loss carryover

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In 2017, Rosalva sold stock considered short-term for a gain of $990 and stock considered long-term for a loss of a $3,410 short-term loss carryover from 2016 and a $1,550 long-term loss carryover from 2015 a. What amount will be shown as a short-term gain (loss) for 2017? b. What amount will be shown as a long-term gain (loss) for 2017? c. How much ofthe loss is deductible in 2017? d. What is the amount of long-term carryover to 2018? 3 Answer is not complete. a. Short-term losS b Long-term loss S 2,420 S 5350 C Maximum loss deductible in 2017 d Amount of long-term carryover

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