During 2021, Dana had a capital loss of $5,233 on a sale of investment property. Dana had no other capital transactions. Her 2021 tax return reflected ordinary income of $42,500 and taxable income (before exemptions) of $1,057. What is the amount of the capital loss carryover to 2022?

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To calculate the capital loss carryover to 2022 you first need to determi... View the full answer