During the current year,Nancy had the following transactions:
What is the amount of her capital loss deduction for the current year,and what is the amount and character of her capital loss carryover?
Definitions:
Congenital Blindness
Blindness that occurs from birth due to genetic factors, abnormalities in the fetal development process, or birth trauma.
Hemiplegia
A condition resulting in paralysis on one side of the body, often due to a stroke or brain injury.
Ambulation
The ability to walk from place to place independently with or without an assistive device.
Diabetic Retinopathy
A complication of diabetes that affects the eyes, characterized by damage to the blood vessels of the retina.
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