Gertie Has a NSTCL of $9,000 and a NLTCG of $5,500

question 88

Multiple Choice

Gertie has a NSTCL of $9,000 and a NLTCG of $5,500 during the current taxable year.After gains and losses are offset,Gertie reports

• A) \[\begin{array} { | l | l | }
• \hline\begin{array} { l }
• \text { An offset against } \\
• \text { ordinary income }
• \end{array} & \text { Loss carryforward } \\
• \hline \$ 3,000 & \$ 0 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | l | l | }
• \hline\begin{array} { l }
• \text { An offset against } \\
• \text { ordinary income }
• \end{array} & \text { Loss carryforward } \\
• \hline \$ 3,000 & \$ 500 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | l | l | }
• \hline\begin{array} { l }
• \text { An offset against } \\
• \text { ordinary income }
• \end{array} & \text { Loss carryforward } \\
• \hline \$ 3,500 & \$ 0 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | l | l | }
• \hline\begin{array} { l }
• \text { An offset against } \\
• \text { ordinary income }
• \end{array} & \text { Loss carryforward } \\
• \hline \$ 3,000 & \$ 6,000 \\
• \hline
• \end{array}\]