Joel Has Four Transactions Involving the Sale of Capital Assets

Multiple Choice

Joel has four transactions involving the sale of capital assets during the year resulting in a STCG of $5,000,a STCL of $12,000,a LTCG of $1,800 and a LTCL of $1,000.As a result of these transactions,Joel will

A) deduct net losses of $6,200 against ordinary income.
B) deduct losses of $3,000 against ordinary income and carry $3,200 of STCL forward.
C) deduct losses of $3,000 against ordinary income and carry $3,200 of LTCL forward.
D) deduct losses of $3,000 against ordinary income and carry $3,200 of losses back two years.