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Capital loss example: 2020 2021 2022 2023 LT capital gains LT capital losses 10,000 (4,000) 1,000 (3,000)| 1,000 (4,000)| 1,000 (2,000) ST capital gains ST capital losses 9,000 (11,000) 3,000 (4,000) 15,000 6,000 (20,000) Net: long term Net: short term 6,000 (14,000) (2,000) (2,000) (3,000) 15,000 3,000 (1,000) Net Carryover Can you take the $3000? Carryover

Capital loss example: 2020 2021 2022 2023 LT capital gains LT capital losses 10,000 (4,000) 1,000 (3,000)| 1,000 (4,000)| 1,000 (2,000) ST capital gains ST capital losses 9,000 (11,000) 3,000 (4,000) 15,000 6,000 (20,000) Net: long term Net: short term 6,000 (14,000) (2,000) (2,000) (3,000) 15,000 3,000 (1,000) Net Carryover Can you take the $3000? Carryover

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please help me please show your calculation

Capital loss example: 2020 2021 2022 2023 LT capital gains LT capital losses 10,000 (4,000) 1,000 (3,000)| 1,000 (4,000)| 1,000 (2,000) ST capital gains ST capital losses 9,000 (11,000) 3,000 (4,000) 15,000 6,000 (20,000) Net: long term Net: short term 6,000 (14,000) (2,000) (2,000) (3,000) 15,000 3,000 (1,000) Net Carryover Can you take the $3000? Carryover
Transcribed Image Text:Capital loss example: 2020 2021 2022 2023 LT capital gains LT capital losses 10,000 (4,000) 1,000 (3,000)| 1,000 (4,000)| 1,000 (2,000) ST capital gains ST capital losses 9,000 (11,000) 3,000 (4,000) 15,000 6,000 (20,000) Net: long term Net: short term 6,000 (14,000) (2,000) (2,000) (3,000) 15,000 3,000 (1,000) Net Carryover Can you take the $3000? Carryover
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