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Becker CPA Review 3-3 Marsha and Brad, married taxpayers filing jointly, had the...

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Accounting

Becker CPA Review 3-3
Marsha and Brad, married taxpayers filing jointly, had the following transactions during year 9:
Gain on sale of stock purchased in year 1 and sold in June, year 9
Ordinary income from employers
Loss on sale of stock purchased in January, year 9 and sold in March, year 9
What is the amount of the capital loss carryover to year 10?
a. $0
b. $20,000
c. $14,000
d. $17,000
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