This year, Jack O Lantern incurred a $63,750 loss on the worthlessness of his stock in the Creepy Corporation (CC) The stock, which Jack purchased in 2005, met all of the 51244 stock requirements at the time of issue. In December of this year, Jack's wite. Jill, also incurred a $84,200 loss on the sale of Eerie Corporation (EC) stock that she purchased in July 2005 and that also satisfied all of the 51244 stock requirements at the time of issue. Both corporations are operating companies. Assume that they file a joirt retum Required: 8. How much of the losses incurred on the two stock sales can Jack and Jill deduct this year, assuming they do not hove capital gains in the current or prior years? b. Assuming they did not engage in any other property transoctions this year, how much of a net capital loss will carry over to next year for Jack and Jill? c. What would be the tax veatment for the losses it Jack and Jill reported only $72,750 of taxable income this year, excluding the securities transactions? Complete this question by entering your answers in the tabs below