The Chart Below Details Sheen's 2015, 2016, and 2017 Stock

question 59

Essay

The chart below details Sheen's 2015, 2016, and 2017 stock transactions.What is the capital loss carryover to 2017 and what is the net capital gain or loss for 2017? $$\begin{array} { r r r r r } \text { Tax Year } & \begin{array} { r } \text { Short-term } \\\text { Capital Gains }\end{array} & \begin{array} { r } \text { Short-term } \\\text { Capital Losses }\end{array} & \begin{array} { r } \text { Long-term } \\\text { Capital Gains }\end{array} & \begin{array} { r } \text { Long-term } \\\text { Capital Losses }\end{array} \\2015 & \$ 4,000 & \$ 6,000 & \$ 2,000 & \$ 13,000 \\2016 & \$ 16,000 & \$ 14,000 & \$ 23,000 & \$ 28,000 \\2017 & \$ 55,000 & \$ 52,000 & \$ 67,000 & \$ 33,000\end{array}$$

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