Seamus Had $16,000 of Net Short-Term Capital Loss in 2016

question 83

Multiple Choice

Seamus had $16,000 of net short-term capital loss in 2016.In 2017,Seamus has $17,000 of long-term capital loss and $26,000 of long-term capital gain.Which of the following statements is correct?

• A)Seamus had a $13,000 short-term capital loss carryover to 2017.
• B)Seamus has an $9,000 2017 net long-term capital gain.
• C)Seamus has a $4,000 2017 net short-term capital loss.
• D)a.and c.
• E)None of the above.

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