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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please help me please show your calculation

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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