During 2012,a calendar year taxpayer had the following capital gains and losses:
In 2011,the same taxpayer had a net long-term capital loss of $7,000 which it could not utilize.Assume all capital gains and losses result from the sale of securities held as investments.How are these transactions handled if the taxpayer is:

Question

During 2012,a calendar year taxpayer had the following capital gains and losses:
  In 2011,the same taxpayer had a net long-term capital loss of $7,000 which it could not utilize.Assume all capital gains and losses result from the sale of securities held as investments.How are these transactions handled if the taxpayer is:

Quizplus · Accepted Answer

The Answer of During 2012,a calendar year taxpayer had the following capital gains and losses:
  In 2011,the same taxpayer had a net long-term capital loss of $7,000 which it could not utilize.Assume all capital gains and losses result from the sale of securities held as investments.How are these transactions handled if the taxpayer is:

During 2012,a Calendar Year Taxpayer Had the Following Capital Gains