Which of the following tax implications will result from selling your bonds at a lower price than what you paid for them eight months ago?

Question

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Selling bonds at a lower price than the purchase price results in a capital loss. Since the bonds were held for less than a year (eight months), the loss is classified as a short-term capital loss. This loss can be used to offset other capital gains and, if losses exceed gains, up to $3,000 ($1,500 if married filing separately) of ordinary income per year, with the ability to carry forward unused losses to future years.

Which of the Following Tax Implications Will Result from Selling