Mrs$.$ Beard recognized a $$12,400$ capital loss on the sale of corporate stock this year.

Required:

a$.$ How much loss can she deduct if she had no other capital transactions this year?

b$.$ How much loss can she deduct if she recognized a $$3,890$ capital gain on the sale of an antique rug and had no other capital transaction this year?

c$.$ How much loss can she deduct if she recognized a $$15,720$ capital gain on the sale of investment land and had no other capital transaction this year?

Complete this question by entering your answers in the tabs below.

Required B

Required C

How much loss can she deduct if she had no other capital transactions this year?

Deductible Loss