james and annie bourke sold stock in the current year. the sale resulted in a short term capital loss of 4,000 the bourkes had no other capital transactions during the year. their taxable income was 10,000 how much of the capital loss is deductible on their joint return and how much must be carried over to the next year?

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In the scenario provided James and Annie Bourke incurred a shortterm capital loss of 4000 from the s... View the full answer