(Answered) Question - this following question has to do with federal

Accounting

Question - This following question has to do with federal taxation:

Ricky has a NLTCG of $40,000 and a NSTCL of $50,000. What is Ricky's 2008 capital loss deduction if Ricky's adjusted gross income for 2008 (before considering capital asset transactions) is $80,000?

a. $50,000.

b. $40,000.

c. $10,000.

d. $3,000.

e. None of the above.

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