Law, 07.09.2020 16:01 alexandergoetz8239
Patrick, a 43-year-old taxpayer who will use the single filing status, bought 100 shares of HIJ stock for $10,000 in 2015. There were no subsequent adjustments to his basis, but the stock underperformed, and he sold his shares for $4,250 in 2019. Patrick had no other capital gains or losses during the year, and his only other income consisted of $80,000 in wages. If Patrick deducts the maximum capital loss on his 2019 return, what is his long-term capital loss carryover for 2020?
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Patrick, a 43-year-old taxpayer who will use the single filing status, bought 100 shares of HIJ stoc...
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