Schedule D Worksheet for Capital Loss Carryovers or Sale of Your Home, 2016 Capital Loss Carryovers from This Year to Next Year 1.

Amount from Form 1040, line 41: $34,372

2. Loss shown on Schedule D, line 21 as a positive amount: $3,000

3. Combine lines 1 and 2: $37,372

4. Smaller of line 2 or line 3: $3,000

5. Loss shown on Schedule D, line 7: blank

6. Gain, if any, shown on Schedule D, line 15: blank

7. Add lines 4 and 6: $3,000

8. Short-term capital loss carryover. Subtract line 7 from line 5: $0

9. Loss shown on Schedule D, line 15 as a positive amount: $3,450

10. Gain, if any, shown on Schedule D, line 7: $0

11. Subtract line 5 from line 4: $3,000

12. Add lines 10 and 11: $3,000

13. Long-term capital loss carryover. Subtract line 12 from line 9: $450

The Short Term and Long Term Loss Carryover is not currently carrying to the appropriate line on Form 1040 in the Practice Lab. See https://vitablog.taxslayerpro.com/ for details and updates.

What is the amount shown on Form 1040, Line 13 Capital gain or loss?

A. $1,916

	B. $2,451

	C. $2,366

	D. $2,001