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In the current year, Ellen sold investment stock that she had owned for five years. The sale generated a loss of $5,000. Assuming she had no other asset sales during the year, h…

In the current year, Ellen sold investment stock that she had owned for five years. The sale generated a loss of $5,000. Assuming she had no other asset sales during the year, h…
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In the current year, Ellen sold investment stock that she had owned for five years. The sale generated a loss of $5,000. Assuming she had no other asset sales during the year, how should Ellen handle the loss for the current tax year purposes?

asked
User Nikita Chernov
by
9.2k points

1 Answer

5 votes

Answer:

Thecoreect answer is

Ellen can deduct $3,000 for AGI

good luck

answered
User Roy Van Rijn
by
8.7k points
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