Question: Martha has both long - term and short - term 2 0 2 4 capital gains and losses. The result of netting these gains and
Martha has both longterm and shortterm capital gains and losses. The result of netting these gains and losses is a net longterm capital loss. Martha has no qualified dividend income. Also, her taxable income puts her in the tax bracket. Which of the following is correct?
a Martha will have a capital loss deduction.
b Martha will not benefit from the special treatment for longterm capital gains.
c Martha will use Parts I, II and III of Form Schedule D
d All of these choices are correct.
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