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  3. Study Set
    Fundamentals of Taxation
  4. Exam
    Exam 7: Capital Gains and Other Sales of Property Schedule D and Form 4797
  5. Question
    In 2016,Carmen Had a Net Capital Loss of $10,000 and Taxable
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In 2016,Carmen Had a Net Capital Loss of $10,000 and Taxable

Question 83

Question 83

Multiple Choice

In 2016,Carmen had a net capital loss of $10,000 and taxable income of $100,000.What is Carmen's loss carryforward to 2017?


A) $7,000.
B) $5,000.
C) $0.
D) $3,000.

Correct Answer:

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