Ralph Robinson has a long-term capital loss of $3,000, a short-term capital loss of $2,000, a short-term capital gain of $1,000 and taxable income of $12,500. His deductible capital loss is $2,500.

Question

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the net LTCL is ($3,000) and the net STCL is ($1,000) for a total loss of $4,000 of which $3,000 would a deductible capital loss this year with a carryover of ($1,000) LTCL.

Ralph Robinson Has a Long-Term Capital Loss of $3,000, a Short-Term