Answer the questions below with the appropriate IRC formatted structure (just list section number and subsection or paragraph if no subsection) in a Word document and upload your document in Canvas by the due date listed above. Number your responses on your Word document to correspond with appropriate questions below. Assignments will be graded for reasonable accuracy and completeness. 1. Tomsik contacts you and indicates that he expects to incur a substantial net capital loss for calendar-year 2019 and wonders what the treatment of the carryforwards will be in future years. Which code section and subsection provides for the treatment of an individual's capital loss carryforward? Enter your response in the answer fields below. Guidance on correctly structuring your response appears above and below the answer fields. Choose a title from the list. Select a title from the dropdown list below. $ Examples of correctly formatted IRC responses are IRC$1(a), IRC$12(a), IRC 12A(a), IRC$12AA(a). IRC8123(a). 2. At the end of the current tax year Lisa owned 100 shares of VOL stock that she had owned for three years with a basis of $8,000. She sold the stock on December 27th of the current year for $5,000 and realized a $3,000 loss. She repurchased 100 shares of the stock two days later. What code section and subsection provides the authority for whether Lisa will be able to deduct this loss on her current tax return? Enter your response in the answer fields below. Guidance on correctly structuring your response appears above and below the answer fields. Choose a site from the list Select a title from the dropdown list below. S Answer the questions below with the appropriate IRC formatted structure (just list section number and subsection or paragraph if no subsection) in a Word document and upload your document in Canvas by the due date listed above. Number your responses on your Word document to correspond with appropriate questions below. Assignments will be graded for reasonable accuracy and completeness. 1. Tomsik contacts you and indicates that he expects to incur a substantial net capital loss for calendar-year 2019 and wonders what the treatment of the carryforwards will be in future years. Which code section and subsection provides for the treatment of an individual's capital loss carryforward? Enter your response in the answer fields below. Guidance on correctly structuring your response appears above and below the answer fields. Choose a title from the list. Select a title from the dropdown list below. $ Examples of correctly formatted IRC responses are IRC$1(a), IRC$12(a), IRC 12A(a), IRC$12AA(a). IRC8123(a). 2. At the end of the current tax year Lisa owned 100 shares of VOL stock that she had owned for three years with a basis of $8,000. She sold the stock on December 27th of the current year for $5,000 and realized a $3,000 loss. She repurchased 100 shares of the stock two days later. What code section and subsection provides the authority for whether Lisa will be able to deduct this loss on her current tax return? Enter your response in the answer fields below. Guidance on correctly structuring your response appears above and below the answer fields. Choose a site from the list Select a title from the dropdown list below. S