Question: Taxpayer is a single individual. She has long - term capital gain of $ 2 , 0 0 0 ; long - term capital loss

Taxpayer is a single individual. She has long-term capital gain of $2,000; long-term capital loss of $6,000; short-term capital gain of $2,600; short-term capital loss of $1,000; and ordinary taxable income of $100,000. Determine the amount of her capital loss, if any, that is allowed as a deduction from ordinary income, and the amount and character of her capital loss carryover (if any).
A. Zero capital loss deduction from ordinary income; $4,000 long-term capital loss carryover.
B. $2,400 capital loss deduction from ordinary income; zero capital loss carryover.
C. $3,000 capital loss deduction from ordinary income; $1,600 short-term capital loss carryover.
D. None of the above.

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