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In the current year, Sylvia Stallone, a single taxpayer, had a salary of $21,000 and no other ordinary income. During the year, she had a long-term capital loss of $1,400 and a short-term capital gain of $1,500.
Capital losses carried over from previous years were as follows:
Long-term capital loss carryover = $2,400Short-term capital loss carryover = $3,200
Problem 1: After deducting all possible carryovers in her current return, what are Sylvia's carryovers to the following year?
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