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Mr. and Mrs. Revel had $243,200 AGI before considering capital gains and losses. Required: a. On May 8, they recognized an $9,300 short-term capital
Mr. and Mrs. Revel had $243,200 AGI before considering capital gains and losses. Required: a. On May 8, they recognized an $9,300 short-term capital gain. On June 25, they recognized a $18,450 long-term capital loss. What is the amount and character of each carryforward? b. On February 11, they recognized a $2,860 long-term capital gain. On November 3, they recognized a $2,095 long-term capital loss. What is the amount and character of each carryforward? c. On April 2, they recognized a $6,175 long-term capital loss. On September 30, they recognized a $5,125 short-term capital loss. What is the amount and character of each carryforward? d. On January 12, they recognized a $6,425 short-term capital loss. On July 5, they recognized a $2,210 long-term capital gain. What is the amount and character of each carryforward?
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