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Mr. and Mrs. Revel had $243,600 AGI before considering capital gains and losses. Determine which of...

Mr. and Mrs. Revel had $243,600 AGI before considering capital gains and losses. Determine which of the four cases results in a capital loss carryforward for Mr. and Mrs. Revel. What is the amount and character of each carryforward?

  1. On May 8, they recognized a $11,800 short-term capital gain. On June 25, they recognized a $15,150 long-term capital loss.
  2. On February 11, they recognized a $2,490 long-term capital gain. On November 3, they recognized a $2,210 long-term capital loss.
  3. On April 2, they recognized a $5,550 long-term capital loss. On September 30, they recognized a $5,415 short-term capital loss.
  4. On January 12, they recognized a $5,850 short-term capital loss. On July 5, they recognized a $1,620 long-term capital gain.
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