For the current tax year, Morgan had $25,000 of ordinary income. In addition, he had an $1,900 long-term capital loss and a $1,600 short-term capital loss. What will be the amount of Morgan's capital loss carryforward to the next year?
a. $0
b. $300
c. $500
d. $3,000
e. $3,500
c
Business
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