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In 2021, Rosalva sold stock considered short-term for a gain of $1,135 and stock considered long-term for a loss of $3,050. Rosalva also had a
In 2021, Rosalva sold stock considered short-term for a gain of $1,135 and stock considered long-term for a loss of $3,050. Rosalva also had a $3,560 short-term loss carryover from 2020 and a $1,530 long-term loss carryover from 2020. Required: What amount will be shown as a short-term gain (loss) for 2021? What amount will be shown as a long-term gain (loss) for 2021? How much of the loss is deductible in 2021? What is the amount of long-term
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