Question
Paige, a single taxpayer, sold some stocks Net Gain/Loss is shown below. Net Gain/Loss $3,276 ($2,088) $24,019 ($6,997) Paige also has a capital loss carryover
Paige, a single taxpayer, sold some stocks Net Gain/Loss is shown below.
Net Gain/Loss
$3,276
($2,088)
$24,019
($6,997)
Paige also has a capital loss carryover from the prior year of $23,593. What is the amount of gain or loss to be reported on her return for this year?
a) ($3000) b) $0 c) $18,260 d) ($5333)
Also, based on the information provided above and the information that Paige has a capital loss carryover from the prior year of $23,593, what amount (if any) of capital loss carryover will Paige have for next year?
a) $10,593 b) $0 c) $23,593 d) $2,333
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