Business, 23.03.2020 23:59 lasvegas5811

Goose Corporation, a C corporation, incurs a net capital loss of $12,000 for 2016. It also has ordinary income of $10,000 in 2016. Goose had net capital gains of $2, 500 in 2012 and $5,000 in 2015. Determine the amount, if any, of the net capital loss of $12,000 that is deduct ible in 2016. Determine the amount, if any, of the net capital loss of $12,000 that is carried forward to 2017

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Goose Corporation, a C corporation, incurs a net capital loss of $12,000 for 2016. It also has ordin...

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