Question
Paige sold the following stocks: Stock Purchase Price Sale Price Net Gain/Loss PSC, Inc. $3,575 $6,851 $3,276 MLC Distributors $10,456 $8,418 ($2,038) ABC Corp $1,452
Paige sold the following stocks: Stock Purchase Price Sale Price Net Gain/Loss PSC, Inc. $3,575 $6,851 $3,276 MLC Distributors $10,456 $8,418 ($2,038) ABC Corp $1,452 $25,471 $24,019 Acme Industries $9,450 $2,453 ($6,997) Paige also has a capital loss carryover from the prior year of $23,593. What is the amount of gain or loss to be reported on her return for this year? (Paige is single.) a) ($ 3,000) b) $ 0 c) $18,260 d) ($ 5,333) 2. Based on the information below and the information that Paige has a capital loss carryover from the prior year of $23,593, what (if any) amount of loss carryover will Paige have next year? Stock Purchase Price Sale Price Net Gain/Loss PSC, Inc. $3,575 $6,851 $3,276 MLC Distributors $10,456 $8,418 ($2,038) ABC Corp $1,452 $25,471 $24,019 Acme Industries $9,450 $2,453 ($6,997) a) $10,593 b) $ 0 c) $23,593 d) $ 2,333
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