In 2012, Mark has $18,000 short-term capital loss, $7,000 28% gain, and $6,000 0%/15% gain.Which of the statements below is correct?

Name: In 2012, Mark has $18,000 short-term capital loss, $7,000 28% gain, and $6,000 0%/15% gain.Which of the statements below is correct?
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Question

Quizplus · Accepted Answer

Mark can use a maximum of $3,000 of his short-term capital loss to offset his ordinary income. The remaining $15,000 short-term capital loss can be carried over to future years. Therefore, Mark has a $3,000 capital loss deduction.

In 2012, Mark Has $18,000 Short-Term Capital Loss, $7,000 28