To better understand the rules for offsetting capital losses and how to treat capital losses carried? forward, analyze the following data for an unmarried individual for the period 2013 through 2016. No capital loss carryforwards are included in the figures.
NB(please work out the values fr 2014, to allow me get the figures for 2015 and 2016)
Requirement
For each? year, determine AGI and the capital losses to be carried forward to a later tax year
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