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Schedule D.” Petitioners included as part of petitioners’ 2002
amended return a copy of Schedule D, Capital Gains and Losses
(2002 Schedule D), that they included as part of petitioners’
2002 return, on which they made the following changes:6 Peti-
tioners claimed (1) short-term capital gains totaling $4,234.94
from the sale of certain Fannie Mae stock that Ms. Kim acquired
as a result of her exercise of the Fannie Mae options and
(2) long-term capital losses totaling $15,949.06 from the sale of
certain stock of three companies. In petitioners’ amended 2002
Schedule D, petitioners (1) added the $15,949.06 of additional
long-term capital losses claimed in that amended schedule to the
$3,117.40 of long-term capital loss claimed in petitioners’ 2002
Schedule D included as part of petitioners’ 2002 return and
(2) as a result, claimed total long-term capital losses for their
taxable year 2002 totaling $19,066.46. In petitioners’ amended
2002 Schedule D, petitioners netted the $4,234.94 of short-term
capital gains and the $19,066.46 of long-term capital losses
claimed in that amended schedule and, as a result, claimed a net
capital loss of $14,831.52.7 Respondent did not accept as cor-
6We shall refer to the copy of the 2002 Schedule D on which
petitioners made certain changes as petitioners’ amended 2002
Schedule D.
7In petitioners’ 2002 return, as prescribed by sec. 1211(b),
petitioners claimed as a deduction only $3,000 of the $3,117.40
net capital loss claimed in the 2002 Schedule D included as part
of that return. Thus, the $14,831.52 net capital loss claimed in
(continued...)
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