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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

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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 for the period 2016 through 2019. 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.) 2016 2017 2018 2019 $ AGI (excluding property transactions) STCG STCL LTCG LTCL AGI (including property transactions) STCL to be carried forward LTCL to be carried forward 40,000 4,000 9,000 6,000 5,000 50,000 $ 5,000 3,000 10,000 21,000 60,000 $ 7,000 5,000 2,200 1,000 70,000 10,000 12,000 6,000 9,500

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