For 2012, Greg Grammer had a short-term capital loss of $4,000, a short-term capital gain of $1,900, a short- term capital loss carryover from 2011 of $700, a long-term capital gain of $800, and a long-term capital loss of $1,000. What is Greg's deductible loss in 2012?
A) $0
B) $2,560
C) $2,800
D) $2,900
E) $3,000
Correct Answer:
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