Tatoo Inc. reported a net capital loss of $13,000 in 2019. The company had a net capital gain of $4,300 in 2017 and $3,000 in 2016. In 2018, although the company suffered a net operating loss, it had net capital gains of $1,000. What is the amount of Tatoo's capital loss carryover remaining after it applies the carryback?
A) $4,700.
B) $5,700.
C) $8,700.
D) $13,000.

Question

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The Answer of Tatoo Inc. reported a net capital loss of $13,000 in 2019. The company had a net capital gain of $4,300 in 2017 and $3,000 in 2016. In 2018, although the company suffered a net operating loss, it had net capital gains of $1,000. What is the amount of Tatoo's capital loss carryover remaining after it applies the carryback?
A) $4,700.
B) $5,700.
C) $8,700.
D) $13,000.

Tatoo Inc Reported a Net Capital Loss of $13,000 in 2019