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Pure Action Cycles Inc

Question 133

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Pure Action Cycles Inc., a bicycle manufacturer, has a net capital loss in 2019 of $64,000.It had net capital gains of $21,500 in 2018, $45,000 in 2017, $0 in 2016, and $8,000 of net capital gain in 2015.What is the net capital gain in 2018 after the carryback is applied?

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$2,500 net capital g...

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