Biology Forums - Study Force

During the current year, Nancy had the following transactions:

Short-term capital loss   ($1,800)
Short-term capital gain   3,600
Short-term capital loss carryover from last year   ( 2,200)
Long-term capital gain   7,000
Long-term capital loss   ( 15,000)

What is the amount of her capital loss deduction for the current year, and what is the amount and character of her capital loss carryover?
A) Deduction   Carryover
$4,000   $400 short-term and $5,000 long-term   
B) Deduction   Carryover
$3,000   $2,600 LTCL carryover
C) Deduction   Carryover
$3,000   $5,000 long-term
D) Deduction   Carryover
$12,100

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