During the current year, Nancy had the following transactions: Short-term capital loss Short-term capital gain Short-term...

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During the current year, Nancy had the following transactions: Short-term capital loss Short-term capital gain Short-term capital loss carryover from last year (2,400) 2,000 (500) Long-term capital gain 3,800 Long-term capital loss (8,000) 1. What is the amount of her capital loss deduction for the current year tax return? 2. What is the amount of her capital loss carryover? During the current year, Nancy had the following transactions: Short-term capital loss Short-term capital gain Short-term capital loss carryover from last year (2,400) 2,000 (500) Long-term capital gain 3,800 Long-term capital loss (8,000) 1. What is the amount of her capital loss deduction for the current year tax return? 2. What is the amount of her capital loss carryover?

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