For 2015, Ashley has gross income of $8,500 and a $5,000 long-term capital loss. She claims the

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For 2015, Ashley has gross income of $8,500 and a $5,000 long-term capital loss. She claims the standard deduction. Ashley is 35 years old and single with two dependent children. How much of Ashley's $5,000 capital loss carries over to 2016?

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South Western Federal Taxation 2016 Comprehensive

ISBN: 9781305395114

39th Edition

Authors: James H. Boyd, William H. Jr. Hoffman, David M. Maloney, William A. Raabe, James C. Young

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Question Posted: Mar 31, 2017 02:46 PM

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For 2015, Ashley has gross income of $8,500 and a $5,000 long-term capital loss. She claims the

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Ashley has a 5000 capital loss carryforward When a taxpayer has negative taxable income and a capital loss deduction has been taken a special computat...View the full answer

South Western Federal Taxation 2016 Comprehensive

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