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Gertie Has a NSTCL of $9,000 and a NLTCG of $5,500

Question 93

Multiple Choice

Gertie has a NSTCL of $9,000 and a NLTCG of $5,500 during the current taxable year.After gains and losses are offset,Gertie reports


A)  An offset against  ordinary income  Loss carryforward $3,000$0\begin{array} { | l | l | } \hline\begin{array} { l } \text { An offset against } \\\text { ordinary income }\end{array} & \text { Loss carryforward } \\\hline \$ 3,000 & \$ 0 \\\hline\end{array}
B)  An offset against  ordinary income  Loss carryforward $3,000$500\begin{array} { | l | l | } \hline\begin{array} { l } \text { An offset against } \\\text { ordinary income }\end{array} & \text { Loss carryforward } \\\hline \$ 3,000 & \$ 500 \\\hline\end{array}
C)  An offset against  ordinary income  Loss carryforward $3,500$0\begin{array} { | l | l | } \hline\begin{array} { l } \text { An offset against } \\\text { ordinary income }\end{array} & \text { Loss carryforward } \\\hline \$ 3,500 & \$ 0 \\\hline\end{array}
D)  An offset against  ordinary income  Loss carryforward $3,000$6,000\begin{array} { | l | l | } \hline\begin{array} { l } \text { An offset against } \\\text { ordinary income }\end{array} & \text { Loss carryforward } \\\hline \$ 3,000 & \$ 6,000 \\\hline\end{array}

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