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n 2021, Rosalva sold stock considered short-term for a gain of $1,345 and stock considered long-term for a loss of $4,370. Rosalva also had a
n 2021, Rosalva sold stock considered short-term for a gain of $1,345 and stock considered long-term for a loss of $4,370. Rosalva also had a $3,360 short-term loss carryover from 2020 and a $1,420 long-term loss carryover from 2020.
Required: What amount will be shown as a short-term gain (loss) for 2021?
What amount will be shown as a long-term gain (loss) for 2021?
How much of the loss is deductible in 2021?
What is the amount of long-term carryover to 2022?
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