Question - In 2015, Rosalva sold stock considered short-term for a gain of $115 and stock considered long-term for a loss of $4140. She also had a $3950 short-term loss carryover from 2014 and a $1460 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 is deductible in 2015?
d. What is the amount of long-term carryover to 2016?