Solved: What amount of loss may janine use for the current year, Finance Basics

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What amount of loss may janine use for the current year

Question:

Janine (not in the loan business) loaned Carly $30,000 two years ago. During the current year, Carly declared bankruptcy. The bankruptcy trustee informed the unsecured creditors that no assets are available for distribution from the bankruptcy estate. For the current year, Janine also had $18,000 of short-term capital gains. What amount of loss may Janine use for the current year?

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Finance Basics: What amount of loss may janine use for the current year

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