An Individual Taxpayer with 2019 Net Short-Term Capital Loss of $5,000

question 43

True/False

An individual taxpayer with 2019 net short-term capital loss of $5,000 generally can deduct up to $3,000 for AGI and carry the balance forward to 2020.

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Definitions:

Elastic

In economics, elastic refers to how the quantity demanded or supplied of a good responds to changes in its price; high elasticity indicates sensitivity to price changes.

Cross-price Elasticity

Cross-price Elasticity measures the responsiveness of the demand for one good to a change in the price of another good.

Elasticity of Supply

A measure of how much the quantity supplied of a good changes in response to a change in price.

Cross-price Elasticity

A measure of how the demand for one good changes in response to changes in the price of another good.