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In 2017. Rosalva sold stock considered short-term for a gain of $975 and stock considered long-term for a loss of $3,890. She also had a
In 2017. Rosalva sold stock considered short-term for a gain of $975 and stock considered long-term for a loss of $3,890. She also had a $3,590 short-term loss carryover from 2016 and a $1,690 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 of the loss is deductible in 2017? d. What is the amount of long-term carryover to 2018? $ a. Short-term loss b. Long-term loss Maximum loss deductible in 2017 d. Amount of long-term carryover 2,615 5,580 3,000 $
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