Seamus had $16,000 of net short-term capital loss in 2016. In 2017, Seamus has $17,000 of long-term

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Seamus had $16,000 of net short-term capital loss in 2016. In 2017, Seamus has $17,000 of long-term capital loss and $26,000 of long-term capital gain. Which of the following statements is correct?

a. Seamus had a $13,000 short-term capital loss carryover to 2017.

b." Seamus had a $13,000 short-term capital loss carryover to 2017" and "Seamus has a $4,000 2017 net short-term capital loss".

c. Seamus has a $4,000 2017 net short-term capital loss.

d. Seamus has a $9,000 2017 net long-term capital gain.

e. None of these choices are correct.

Posted Date: Dec 12, 2021 01:51 AM

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Seamus had $16,000 of net short-term capital loss in 2016. In 2017, Seamus has $17,000 of long-term

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Answer a Seamus had a 13000 sh... View the full answer

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