In 2014,Marty has a net short-term capital loss of $2,400,a net long-term capital loss of $12,000,and wage income of $59,850.
a.What is Marty's capital loss deduction for 2014?
b.What amount of the capital loss qualifies as a carryover?
c.What is Marty's total income for 2014 before additions/deductions for adjusted gross income?

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The Answer of In 2014,Marty has a net short-term capital loss of $2,400,a net long-term capital loss of $12,000,and wage income of $59,850.
a.What is Marty's capital loss deduction for 2014?
b.What amount of the capital loss qualifies as a carryover?
c.What is Marty's total income for 2014 before additions/deductions for adjusted gross income?

In 2014,Marty Has a Net Short-Term Capital Loss of $2,400,a