Pat recognized the following capital gains and losses this year. Short-term capital gain $ 3,800 Short-term capital loss $ (9,700) Long-term capital gain $ 39,000 Long-term capital loss $ (35,100) Her AGI before consideration of these gains and losses was $240,000. Compute her AGI and any capital loss carryforward into future years. Group of answer choices $237,000 AGI and $0 capital loss carryforward $238,000 AGI and $0 capital loss carryforward $240,000 AGI and $2,000 capital loss carryforward $240,000 AGI and $3,000 capital loss carryforward

Pat recognized the following capital gains and losses this year. Short-term capital gain $ 3,800 Short-term capital loss $ (9,700) Long-term capital gain $ 39,000 Long-term capital loss $ (35,100) Her AGI before consideration of these gains and losses was $240,000. Compute her AGI and any capital loss carryforward into future years. Group of answer choices $237,000 AGI and $0 capital loss carryforward $238,000 AGI and $0 capital loss carryforward $240,000 AGI and $2,000 capital loss carryforward $240,000 AGI and $3,000 capital loss carryforward

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter11: Invest Or Losses

Section: Chapter Questions

Problem 64P

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