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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
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 2014 through 2017. No capital loss carryforwards are included in the figures Requirement For each year, determine AGI and the capital losses to be carried forward to a later tax year. (If a box is not used in the table leave the box empty; do not enter a zero. Enter loss amounts as a positive number.) 2014 2015 2016 2017 AGI (excluding property transactions) STCG STCL LTCG LTCL AGI (including property 52,000 $ 62,000 $ 72,000$ 2,250 9,250 7,750 6,500 6,000 1,500 8,500 18,500 8,500 8,000 5,200 4,000 82,000 5,500 7,500 5,000 7,000 transactions) STCL to be carried forward LTCL to be carried forward
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