Question: Michael has a net short term capital loss for the year 2013 of $5,000 and a long term capital loss of $6,000. How much loss

Michael has a net short term capital loss for the year 2013 of $5,000 and a long term capital loss of $6,000. How much loss can she deduct this year? In theory, how long can this loss be carried forward? What is the amount and character of the carry-forward to 2014?

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