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 longterm capital gain of $; longterm capital loss of $; shortterm capital gain of $; shortterm capital loss of $; and ordinary taxable income of $ 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; $ longterm capital loss carryover.
B $ capital loss deduction from ordinary income; zero capital loss carryover.
C $ capital loss deduction from ordinary income; $ shortterm capital loss carryover.
D None of the above.
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