For the current tax year, Morgan had $25,000 of ordinary income. In addition, he had an $1,900
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Question:
For the current tax year, Morgan had $25,000 of ordinary income. In addition, he had an $1,900 long-term capital loss and a $1,600 short-term capital loss. What will be the amount of Morgan's capital loss carryforward to the next year?
a. $300
b. $500
c. $3,500
d. $0
e. $3,000
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