1) For 2017, Bruno and Stephanie have gross income of $93,000 and a $9,400 long-term capital loss. They have three dependent children, file a joint tax return and take the standard deduction. The amount of Bruno's and Stephanie's $9,400 capital loss that carries over to 2018 is $
2) In 2017, Pedro receives a gift of real estate with an adjusted basis of $900,000 and a fair market value of $890,000. No gift tax was paid on the transfer.
Pedro's basis for a gain is $__ and his basis for a loss is $__. If Pedro later sells the property for $885,000, his recognized gain/ loss is $.__