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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 2015 through 2018. 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 n used in the table leave the box empty; do not enter a zero. Enter loss amounts as a positive number.) AGI (excluding property transactions) STCG STCL LTCG LTCL AGI (including property 48,000 $ 58,000 $ 3,500 10,500 8,500 5,500 5,500 2,000 11,000 22,000 68,000 8,000 7,500 1,700 1,500 $45,000 $55,000$65,000 transactions) STCL to be carried forward LTCL to be carried forward 1,000 5,500 Enter any number in the edit fields and then click Check
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