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NeX [460]
3 years ago
13

An individual taxpayer reported the following net long-term capital gains and losses:Year Gain (loss)1 ($5,000)2 1,0003 4,000The

amount of capital gain that the individual taxpayer should report in year 3 is:a. $4,000b. $6,000c. $2,000d. $2500
Business
1 answer:
Leona [35]3 years ago
5 0

Answer:

A) 4000

Explanation:

Long term capital losses cannot be set of against the long term capital gains of next year

As a result an individual taxpayer should report in the

year 3 is $4000

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