Reference no: EM131869283
A single-calendar year taxpayer, had a $10,000 net capital loss when he died on december 31, 20x1. which if the following is true?
a. final return, $3,000 of his net capital loss can be deducted against ordinary income in year 20x1, and no capital loss carryover is available to the estate.
b. final return, $3,000 of his net capital loss can be deducted against ordinary income in year 20x1, and a $7,000 capital loss carryover is available to the estate.
c. final return is filed, his full $10,000 net capital loss can be deducted against ordinary income on his return for the year 20x1.
d. a $10,000 capital loss carryover is available to his estate.
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Martin and maria deduct on their tax return
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