During the current year, Nancy had the following transactions: What is the amount of her capital loss deduction for the current year, and what is the amount and character of her capital loss carryover?

Question

During the current year, Nancy had the following transactions:  What is the amount of her capital loss deduction for the current year, and what is the amount and character of her capital loss carryover?

Quizplus · Accepted Answer

11eac5e3_b0d0_e76d_a396_131f04375cd7_TB5639_00 $3,000 is deductible currently-$400 of the STCL plus $2,600 of the LTCL. The remaining $5,400 of LTCL is carried over.

During the Current Year, Nancy Had the Following Transactions