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In 2018, Rosalva sold stock considered short-term for a gain of $1,275 and stock considered long-term for a loss of $4,120. She also had a
In 2018, Rosalva sold stock considered short-term for a gain of $1,275 and stock considered long-term for a loss of $4,120. She also had a $3,660 short-term loss carryover from 2017 and a $1,730 long-term loss carryover from 2016. a. What amount will be shown as a short-term gain (loss) for 2018? b. What amount will be shown as a long-term gain (loss) for 2018? c. How much of the loss is deductible in 2018? d. What is the amount of long-term carryover to 2019? 2,385 Short-term loss a 5,850 Long-term loss b. Maximum loss deductible in 2018 C. Amount of long-term carryover d
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