Suppose in 2015 an investor had a long-term capital loss of $4,000. What is the proper tax treatment of this loss?
A) deduct the full amount of $4,000
B) None of the $4,000 loss is deductible
C) It is not deductible because the loss must exceed 7.5% of AGI
D) Deduct $3,000 in 2015 and carry forward $1,000
E) None of the above
Correct Answer:
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A)
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