To better understand the rules for offsetting capital losses and how to treat capital losses carried forward, analyze the following data for an unmarried individual for the period 2013 through 2016. No capital loss carryforwards are included in the figures. For each year, determine AGI and the capital losses to be carried forward to a later tax year.

2013 2014 2015 2016

AGI (excluding propert transactions) $40,000 $50,000 $60,000 $70,000

STCG $4,000 $5,000 $7,000 $10,000

STCL $9,000 $3,000 $5,000 $12,000

LTCG $6,000 $10,000 $2,200 $6,000

LTCL $5,000 $21,000 $1,000 $9,500

AGI (Including property transactions) _______ _______ ______ ______

STCL to be carried forward _______ ________ _______ ______

LTCL to be carried forward _______ ________ ________ _______