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Mr. and Mrs. Revel had $230,400 AGI before considering capital gains and losses. Required: On May 8, they recognized an $10,900 short-term capital gain. On

Mr. and Mrs. Revel had $230,400 AGI before considering capital gains and losses.

Required:

  1. On May 8, they recognized an $10,900 short-term capital gain. On June 25, they recognized a $17,550 long-term capital loss. What is the amount and character of each carryforward?
  2. On February 11, they recognized a $2,190 long-term capital gain. On November 3, they recognized a $1,400 long-term capital loss. What is the amount and character of each carryforward?
  3. On April 2, they recognized a $6,075 long-term capital loss. On September 30, they recognized a $5,130 short-term capital loss. What is the amount and character of each carryforward?
  4. On January 12, they recognized a $5,550 short-term capital loss. On July 5, they recognized a $2,300 long-term capital gain. What is the amount and character of each carryforward?

Options for Answers include: "Long-term capital loss carryforward" "Short-term capital loss carryforward" or "No carryforward" along with the amount. Question 3 has two slots for answers, the rest of them just have one. Thank you very much, I will rate if you try your best (:

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