What will be the amount and character of the capital loss carryover to the subsequent year, if any, if Sally has the following capital transactions during the current year?
Long-term capital loss on sale of ABC stock $(6,500)
Long-term capital gain on sale of DEF stock $ 2,200
Short-term capital gain on sale of XYZ stock $ 1,000
A)
$1,300 long-term capital loss carryover
B)
$0
C)
$300 short-term capital loss carryover
D)
$300 long-term capital loss carryover