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28 August, 17:32

John and Jill Jones sold stock that resulted in a short-term capital loss of $5,000. They had no other capital transactions during the year. Their taxable income was $10,000. How much of the capital loss is deductible on their joint return and how much must be carried over to the next year?

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  1. 28 August, 19:39
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    nothing will be deducted from the capital lose

    nothing will be carried over
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