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n 2019, Rosalva sold stock considered short-term for a gain of $1,240 and stock considered long-term for a loss of $2,143. She also had a
n 2019, Rosalva sold stock considered short-term for a gain of $1,240 and stock considered long-term for a loss of $2,143. She also had a $3,000 short-term loss carryover from 2018 and a $1,530 long-term loss carryover from 2018.
Required:
- What amount will be shown as a short-term gain (loss) for 2019?
- What amount will be shown as a long-term gain (loss) for 2019?
- How much of the loss is deductible in 2019?
- What is the amount of long-term carryover to 2020?
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