Sharon has salary income of 68000 a net shortterm capital ga

Sharon has salary income of $68,000, a net short-term capital gain of $15,000, and a net long-term capital loss of $24,000. What is Sharon’s adjusted gross income if she has no other income items?
Year 2017/2018

Solution

Long term capital loss left after setting off from short term capital gain :-24000+15000=- 9000

Individual can use up to $3000 of capital losses in any year .Thus sharon will carryover 9000-3000= 6000 of net long term capital loss to next years .

Adjusted gross Income = 68000   -3000= $ 65000