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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 2017 through 2020. 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 an input field is not used in the table leave the input field empty; do not enter a zero. Enter loss amounts as a positive number.) 2017 2018 2019 2020 AGI (excluding property transactions) 54,000 $ 64,000 $ 74,000 $ 84,000 STCG 2,250 7,000 6,500 5,000 STCL 10,250 1,500 4,500 8,000 LTCG 7,000 7,500 4,700 3,500 LTCL 4,250 22,000 2,500 10,000 AGI (including property transactions) STCL to be carried forward LTCL to be carried forward
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