An Individual Taxpayer with 2017 Net Short-Term Capital Loss of $5,000

question 32

True/False

An individual taxpayer with 2017 net short-term capital loss of $5,000 generally can deduct up to $3,000 for AGI and carry the balance forward to 2018.

---

Definitions:

Imports

Goods or services brought into one country from another for sale or use.

Trade Deficit

A situation in which a country's imports of goods and services exceed its exports, resulting in a negative balance of trade.

Exports

Goods, services, or technology sent out of a country to be sold in another.

Imports

Goods and services purchased from foreign producers, brought into a country.