In the previous tax year, Albert had a long-term loss carryover of $4,500, he had a current year long-term gain of $1,480, and he claimed the maximum long-term loss allowed ($3,000) on Schedule D in the previous tax year. Albert had a $591 short-term loss in the current year. What is the amount of long-term gain or loss Albert will be able to claim on Schedule D this year after using the carryover loss from the previous year?

Answers

Answer 1

Answer: -$611

Explanation:

Long term capital loss = -$1500

Add: Current Capital gain = $1480

Less: short term capital loss = -$591

Therefore, the amount of long-term loss that Albert will be able to claim on Schedule D this year after using the carryover loss from the previous year would be:

= -$1500 + $1480 - $591

= -$611


Related Questions

Is the presidents power found in Article 2 or the Oath of Office

Answers

Answer:

It would be found in Article 2

Men convicted of crimes of passion have ____brain levels
of serotonin than those convicted of premeditated murder.

Answers

Answer:

low

Explanation:

low or very low I do not know if this is correct by the way but this is what I think

The Rio Grande forms the international border between Texas and Mexico. Over the
years, the Rio Grande has changed its course several times. This has led to a
number of disputes between Texas, New Mexico, and Mexico. The Country club
dispute between Texas and New Mexico was decided by the U.S. Supreme Court in
1927.
Why did the Supreme Court act as a trial court in this case?

a. The case involved a federal law
b. The case was between several states as parties.
c. The case was between citizens of different states.
d. The case involved foreign ambassadors and other diplomats.

Answers

Answer:

A. The case involved fedural law.

Explanation:

I just took the Unit 7 EOC Prep Assignment (k12

The case involved a federal law did the Supreme Court act as a trial court in this case. Hence, option A is correct.

What border does the Rio Grande form?

The Rio Grande is the fifth-largest river in the United States and one of the twenty longest rivers in the world. It runs 1,901 miles from the San Juan Mountains in Colorado to the Gulf of Mexico, making up a 1,255-mile part of the border between the United States and Mexico.

The river begins in the San Juan Mountains of Colorado and travels through the center of New Mexico before heading south. South of El Paso, Texas, the Rio Grande parallels the border between the United States and Mexico. Before reaching Brownsville and the Gulf of Mexico, it creates a delta.

The Rio Grande here acts as the border before reaching El Paso, where it will become the international border.

Thus, option A is correct.

For more information about Rio Grande form, click here:

https://brainly.com/question/15481707

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What are the elements of an arrest?

Answers

Answer:

Arrest consists of three (3) elements: a. Restraint of liberty; b. Intent to make an arrest; c. Comprehension by the detainee that he/she is under arrest

Explanation:

is this what u mean?

Answer:

Restraint of liberty, Intent to make an arrest, and Comprehension by the detainee that he/she is under arrest. brainiest?

(>人<)

Explanation:

Which of the following BEST describes the trends in television during presidential elections?
A.
News coverage of candidates is decreasing while paid advertisements by candidates is increasing.
B.
News coverage of candidates is increasing while paid advertisements by candidates is decreasing.
C.
News coverage of candidates and paid advertisements by candidates are both increasing.
D.
News coverage of candidates and paid advertisements by candidates are both decreasing.


Please select the best answer from the choices provided

A
B
C
D

Answers

Answer: C

Explanation:

Answer:

C

Explanation:i just took the test got a %100 btw im a honor student

Which of the following is NOT an example of a civil case?
a. A property dispute between two neighbors.
b. Arguing in court about the individual rights of citizens.
c. Arguing in court over the custody (ownership) of a pet.
d. Kidnapping the family dog after losing custody and fleeing to the country.

Answers

Answer:

A I think.

Explanation:

A Property Dispute Lawyer has expertise in the area of disputes surrounding property ownership and use, whereas a Conveyancing Lawyer deals with the purchase and sale of properties. Although the two can overlap, such as if there is a dispute regarding a property settlement, they are still distinct areas of law.

Write the letter of the correct answer u
1. Which amendment says the government
must follow due process of law before
punishing a person for committing a
crime?
A. 1st Amendment
B. Sth Amendment
C. 8th Amendment
D. 14th Amendment

Answers

14TH AMENDMENT.
the 14th amendment includes the due process law and rights of the people
the 1st is freedom of religion, press, speech, protest, and assembly
8th is no unusual and cruel punishment

What is the importance of studying criminology in the social science

Answers

Answer: They conduct research, teach and work with different kinds of law enforcement agencies.

  They also study the social  and psychological factors that cause people to commit crimes  and research  which approaches to rehabilitation work and maybe do not work.

Explanation:

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