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In the current year, Norris, an individual, has $68,000 of ordinary income, a net short-term capital loss (NSTCL) of $8,200 and a net long-term capital

In the current year, Norris, an individual, has $68,000 of ordinary income, a net short-term capital loss (NSTCL) of $8,200 and a net long-term capital gain (NLTCG) of $4,600. From his capital gains and losses, Norris reports: Multiple Choice an offset against ordinary income of $3,000 and an NSTCL carryforward of $3,600. an offset against ordinary income of $3,000 and an NSTCL carryforward of $600. an offset against ordinary income of $3,000 and an NSTCL carryforward of $5,200. an offset against ordinary income of $8,200. an offset against ordinary Income of $4,600 and an NSTCL carryforward of $3,600image text in transcribed

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