A$.$ Individual taxpayers first deduct $($or offset$)$ capital losses from capital gains. If a net capital loss results, only $$3,000$ of the net

capital loss can be deducted from other income. Net capital losses in excess of $$3,000$ are carried over to future years.

B$.$ Individual taxpayers cannot deduct capital losses.

C$.$ Individual taxpayers first deduct $($or offset$)$ capital losses from capital gains. If a net capital loss results, only $$5,000$ of the net

capital loss can be deducted from other income. Net capital losses in excess of $$5,000$ are carried over to future years.

D$.$ Individual taxpayers first deduct $($or offset$)$ capital losses from capital gains. If a net capital loss results, only $$3,000$ of the net

capital loss can be deducted from other income. Net capital losses in excess of $$3,000$ can be claimed as an itemized deduction.