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Mrs. Beard recognized a $12,460 capital loss on the sale of corporate stock this year....

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Accounting

Mrs. Beard recognized a $12,460 capital loss on the sale of corporate stock this year. How much loss can she deduct in each of the following cases?

  1. She had no other capital transactions this year.
  2. She recognized a $3,950 capital gain on the sale of an antique rug and had no other capital transaction this year.
  3. She recognized a $15,780 capital gain on the sale of investment land and had no other capital transaction this year.

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