So REG is consistently the only exam I have done poorly on. I am about to take it again for the 3rd time and in my past two attempts have yet to break a 60. I am having problems even deciding what it is about reg I am not understanding. The simulations are definitely a killer but I am clearly not doing so hot on the MC either. I think the main thing I am struggling on is understanding concepts such as this:

Capital Gain 20,000

Capital Loss Carryforward (35,000)

Total = (15,000)

but there is a 12,000 limit so 12,000 is carried forward and your capital loss is 3,000. Can someone explain to me Why the 12,000 is carried forward and the loss is 3,000 and not the other way around? If the limit is 12,000 it seems to me that the capital loss should be 12,000 and then the remaining 3,000 gets carried forward. Conceptually I am just not getting this. I think I have the same issue when it comes to deductions and adjustments.

AUD - 67,74,75

BEC - 77

FAR - 61

REG - 43,52