Analysis MCQ Intro to Taxation A customer has $8,000 of capital losses and $3,000 of capital gains in a tax year. On that year's tax return, the investor has a(n):

A customer has $8,000 of capital losses and $3,000 of capital gains in a tax year. On that year's tax return, the investor has a(n):

Intro to Taxation

A customer has $8,000 of capital losses and $3,000 of capital gains in a tax year. On that year's tax return, the investor has a(n):

A. $3,000 capital loss deduction with no loss carryforward

B. $3,000 capital loss deduction and a $2,000 loss carryforward

C. $3,000 capital loss deduction and a $5,000 loss carryforward

D. $8,000 capital loss deduction

Answer: B. $3,000 capital loss deduction and a $2,000 loss carry forward

Analysis MCQ

A customer has $8,000 of capital losses and $3,000 of capital gains in a tax year. On that year's tax return, the investor has a(n):

A customer has $8,000 of capital losses and $3,000 of capital gains in a tax year. On that year's tax return, the investor has a(n):

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