In the current year, Mandy recognized a $2,600 net short-term capital loss, a $4,350 long-term capital gain, and a $900 long-term capital loss. Mandy's total ordinary income is $96,000 and her marginal tax rate on ordinary income is 22%. Which of the following statements is FALSE?

a.Mandy can only deduct $3,000 of the capital loss and must carry the remainder forward.

b. None of these statements are false.

c. Mandy can net the short-term capital loss against the net long-term capital gain.

d. Mandys net capital gain is subject to a preferential rate.

e. Qualified dividends would be taxed at the same rate as a net capital gain.

Ali and Bae, ages 74 and 62, file a joint return. Ali is legally blind. Beyond the standard deduction, how many additional deductions can Ali and Bae claim on their tax return?

Group of answer choices

1

2

3

0