In 20X2, T, an Individual Taxpayer, Had a Net Short-Term

Multiple Choice

In 20X2, T, an individual taxpayer, had a net short-term capital loss of $3,000 and a net long-term capital loss of $3,000.The capital loss carryover is

A) $3,000 net short-term capital loss
B) $3,000 net long-term capital loss
C) $1,500 net short-term and $1,500 net long-term capital loss
D) $0; losses cannot be carried over