For 2016, Sherri has a short-term loss of $2,890 and a long-term loss of $5,400...

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Accounting

For 2016, Sherri has a short-term loss of $2,890 and a long-term loss of $5,400

. a. How much loss can Sherri deduct in 2016? Deductible loss $-----

b. How much loss will Sherri carryover to 2017, and what is the character of the loss carryover?

Long term capital loss $------

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