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The following question is for year 2017: Chester provides you with the following income information for years 1 through 3, exclusive of capital loss carryovers:

The following question is for year 2017:

Chester provides you with the following income information for years 1 through 3, exclusive of capital loss carryovers:

Short-term capital gain Short-term capital loss Long-term capital gain Long-term capital loss Year 1 0 $2,400 $400$ $3,500 Year 2 $500 $1,700 $900 $1,000 Year 3 $2,000 $400 $300 $500

Determine the amount and type of capital loss deduction each year, if any, and the carryover to the following year.

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