During the Current Year, Terry Has a Short-Term Capital Loss

Multiple Choice

During the current year, Terry has a short-term capital loss of $9,000 and a long-term capital gain of $3,000. Due to these transactions Terry reports

A) A capital loss deduction of $3,000 and a loss carryforward of $3,000
B) A capital loss deduction of $3,000 and a loss carryforward of $6,000.
C) A capital loss deduction of $9,000.
D) A capital gain of $3,000 and a loss carryforward of $9,000.
E) A capital loss deduction of $6,000