What is the amount of long-term carryover

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In 2015, Rosalva sold stock considered short-term for a gain of $1,150 and stock considered long-term for a loss of $4,140. She also had a $3,950 short-term loss carryover from 2014 and a $1,460 long-term loss carryover from 2014.

a. What amount will be shown as a short-term gain (loss) for 2015?

b. What amount will be shown as a long-term gain (loss) for 2015?

c. How much of the loss is deductible in 2015?

d. What is the amount of long-term carryover to 2016?

Reference no: EM131572233

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