The Following Chart Details Sheen's 2017, 2018, and 2019 Stock

question 41

Essay

The following chart details Sheen's 2017, 2018, and 2019 stock transactions.What is the capital loss carryover to
2019 and what is the net capital gain or loss for 2019? $$\begin{array} { r r r r r } \underline{\text { TaxYear }} & \begin{array} { r } \text { Short-Term } \\\underline{\text { CapitalGains }}\end{array} & \begin{array} { r } \text { Short-Term } \\\underline{\text { CapitalLosses }}\end{array} & \begin{array} { r } \text { Long-Term } \\\underline{\text { CapitalGains }}\end{array} & \begin{array} { r } \text { Long-Term } \\\underline{\text { CapitalLosses }}\end{array} \\2017 & \$ 4,000 & \$ 6,000 & \$ 2,000 & \$ 13,000 \\2018 & \$ 16,000 & \$ 14,000 & \$ 23,000 & \$ 28,000 \\2019 & \$ 55,000 & \$ 52,000 & \$ 67,000 & \$ 33,000\end{array}$$

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Definitions:

Vascular Tissue

Plant tissue involved in the transport of water and nutrients throughout the plant.

Osseous Tissue

The primary structural and supportive connective tissue in the body, forming bones through a dense matrix of calcium salts and collagen fibers.

Dense Regular

A type of connective tissue with fibers (mostly collagen) that are closely packed and aligned in parallel, providing strong, unidirectional strength.

Elasticity

The ability of a material or tissue to resume its normal shape after being stretched or compressed, crucial for functions of elastic tissues in the body like arteries.