Question

Which of the following statements about a individual's $15,000 net long-term capital loss is true? Group...

Which of the following statements about a individual's $15,000 net long-term capital loss is true?

Group of answer choices

None of the other statements is true.

The $15,000 will carryback three years and carry forward five years.

The $15,000 will carry forward to future years.

$3,000 of the loss may be deducted if the individual itemizes deductions.

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