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What is Mr G deductible loss

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Problem 1: For 2020, Mr. G has a short-term capital loss of $4,000, a short-term capital gain of $1,900, a short-term capital loss carryover from 2018 of $700, a long-term capital gain of $800 from property held for 3 years, and a long-term capital loss of $1,500 from property held for 4 years. Mr. G is in the 15% breakpoint basket. What is Mr. G's deductible loss in 2020?

Option 1: $2,800

Option 2: $0

Option 3: $3,000

Option 4: $3,500

Reference no: EM132843515

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