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Sherri is single, earns a salary of $100,000 and claims the standard deduction. She began investing in stock in 2016. She made her first sale
Sherri is single, earns a salary of $100,000 and claims the standard deduction. She began investing in stock in 2016. She made her first sale in 2021. For 2021, Sherri has a short-term loss of $2,500 and a long-term loss of $4,000. How much loss will Sherri carryover to 2022 and what is the character of the loss carryover?
A. $3,500 long-term
B. $3,500 short-term
C. $2,500 short-term & $1,000 Long-term
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