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QUESTION

During the current year, F, an individual, had long-term capital losses of $2,000 and short-term capital losses of $1,500.

During the current year, F, an individual, had long-term capital losses of $2,000 and short-term capital losses of $1,500. If this is the first year F has experienced capital gains or losses, what amount of these losses may F deduct this year?

a. $1,750 b. $2,500 c. $3,000 d. $3,500 e. None of the above 

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