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need some help with this problem. i will give you a good rate. thank you in advance Mr. and Mrs. Revel had $253,600 AGI before
need some help with this problem. i will give you a good rate. thank you in advance
Mr. and Mrs. Revel had $253,600 AGI before considering capital gains and losses. Determine which of the four cases results in a capital loss carryforward for Mr. and Mrs. Revel. What is the amount and character of each carryforward? a. On May 8, they recognized a $9,650 short-term capital gain. On June 25, they recognized a $16,700 long-term capital loss. b. On February 11, they recognized a $2,480 long-term capital gain. On November 3, they recognized a $2,380 long-term capital lose c. On April 2, they recognized a $6,150 long-term capital loss. On September 30, they recognized a $4,825 short-term capital loss. d. On January 12, they recognized a 56150 short-term capital loss. On July 5, they recognized a $2,440 long-term capital gain, Complete this question by entering your answers in the tabs below. Required A Required B Required Required D On May 8, they recognized a $9,650 short-term capital gain. On June 25, they recognized a $16,700 long-term capital loss. (Select No carryforward if there is none.) Required B > Required A Required B Required Required D On February 11, they recognized a $2,480 long-term capital gain. On November 3, they recognized a $2,380 long-term capital loss. (Select No carryforward if there is none.) Complete this question by entering your answers in the tabs below. Required A Required B Required Required D On April 2, they recognized a $6,150 long-term capital loss. On September 30, they recognized a $4,825 short-term capital loss. (Select No carryforward if there is none.) Required A Required B Required Kequired D On January 12, they recognized a $6,150 Shoru aptal loss. On July 5, they recognized a $2,440 long-term capital gain. Required D (Select No carryforward if there is none.) Step by Step Solution
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