If an individual taxpayer generates a net capital loss in excess of $3,000 in 2022: a. The
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If an individual taxpayer generates a net capital loss in excess of $3,000 in 2022:
a. The loss can be carried back for 3 years and forward for 5 years
b. The loss can be carried back for 2 years and forward for 20 years
c. The loss can be carried forward indefinitely
d. The loss can be carried forward indefinitely but only offset 80 percent of a future year’s capital gains
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Related Book For 
Income Tax Fundamentals 2023
ISBN: 9780357719527
41st Edition
Authors: Gerald E. Whittenburg, Steven Gill
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