Gertie has a NSTCL of $9,000 and a NLTCG of $5,500 during the current taxable year. After gains and losses are offset, Gertie reports
A.
| An offset against ordinary income | Loss carryforward |
| $3,000 | $0 |
B.
| An offset against ordinary income | Loss carryforward |
| $3,000 | $6,000 |
C.
| An offset against ordinary income | Loss carryforward |
| $3,000 | $500 |
D.
| An offset against ordinary income | Loss carryforward |
| $3,500 | $0 |
Answer: C
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