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In 2019, Rosalva sold stock considered short-term for a gain of $985 and stock considered long-term for a loss of $3,940. She also had a

In 2019, Rosalva sold stock considered short-term for a gain of $985 and stock considered long-term for a loss of $3,940. She also had a $3,690 short-term loss carryover from 2018 and a $1,395 long-term loss carryover from 2018.

Required:

  1. What amount will be shown as a short-term gain (loss) for 2019?
  2. What amount will be shown as a long-term gain (loss) for 2019?
  3. How much of the loss is deductible in 2019?
  4. What is the amount of long-term carryover to 2020?

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