During the current year, Nancy had the following transactions:Short-term capital loss($1,800)Short-term capital gain3,600 Short-term capital loss carryover from last year( 2,200)Long-term capital gain7,000 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.

DeductionCarryover
$4,000$400 short-term and $5,000 long-term

B.
DeductionCarryover
$12,100$ 0

C.
DeductionCarryover
$3,000$5,400 LTCL carryover

D.
DeductionCarryover
$3,000$5,000 long-term


Answer: C

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