Bean Corporation, a C corporation, has a net short-term capital gain of $165,000 and a...
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Bean Corporation, a C corporation, has a net short-term capital gain of $165,000 and a net long-term capital loss of $350,000 during 2017. Bean Corporation had taxable income from other sources of $500,000. Prior years transactions included the following.
2013
Net long-term capital gain
$150,000
2014
Net short-term capital gain
60,000
2015
Net short-term capital gain
45,000
2016
Net long-term capital gain
35,000
Compute the amount of Carrots capital loss carryover to 2018 and explain why
a)
$32,000
b)
$185,000
c)
$0
d)
$45,000
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