In 2015, 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 2015?
b. What amount of the capital loss qualifies as a carryover?
c. What is Marty's total income for 2015 before additions/deductions for adjusted gross income?

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The Answer of In 2015, 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 2015?
b. What amount of the capital loss qualifies as a carryover?
c. What is Marty's total income for 2015 before additions/deductions for adjusted gross income?

In 2015, Marty Has a Net Short-Term Capital Loss of $2,400