In 2021, Rosalva sold stock considered short-term for a gain of $1,155 and stock considered long-term for a loss of $3,850. Rosalva also had a $3,370 short-term loss carryover from 2020 and a $1,365 long-term loss carryover from 2020.
Required:
What amount will be shown as a short-term gain (loss) for 2021?
What amount will be shown as a long-term gain (loss) for 2021?
How much of the loss is deductible in 2021?
What is the amount of long-term carryover to 2022?
