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In 2021 Jamil, a single member LLC, and single taxpayer had taxable income of $85,000. this amount included short term capital losses of $6,000 and
In 2021 Jamil, a single member LLC, and single taxpayer had taxable income of $85,000. this amount included short term capital losses of $6,000 and long term capital losses of $7,000. he had no capital gains in 2021, and he has no other capital transactions in prior years. what is the amount of loss Jamil will carry forward to later tax years?
A.$13,000 B $10,000 C $7000 D $6000
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