Sigma Corporation had the following capital gains and losses for 2009 through 2013:
$\begin{array} { l }
2009&2010&2011&2012&2013\\$30,000&\$(20,000)&\$15,000&\$(30,000)&\$60,000
\end{array}$

Sigma's net capital gain for 2013 is:

Question

Sigma Corporation had the following capital gains and losses for 2009 through 2013:
$\begin{array} { l  }
2009&2010&2011&2012&2013\\$30,000&\$(20,000)&\$15,000&\$(30,000)&\$60,000
\end{array}$

Sigma's net capital gain for 2013 is:

Quizplus · Accepted Answer

Sigma Corporation can carry forward the net capital loss from 2012 to offset the capital gain in 2013. The net capital loss from 2012 is $30,000, which offsets part of the $60,000 gain in 2013, resulting in a net capital gain of $30,000. However, the $15,000 gain from 2011 can also be carried forward to offset the remaining loss from 2010, resulting in a net capital gain of $55,000 for 2013.

Sigma Corporation Had the Following Capital Gains and Losses for 2009