A corporation has a $50,000 short-term capital loss for the year.The corporation has $1,200,000 of taxable income from other sources.The taxable income for the year is $1,200,000.

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The short-term capital loss can be used to offset the taxable income from other sources, reducing the overall taxable income for the year. In this case, the $50,000 capital loss can be deducted from the $1,200,000 taxable income, resulting in a taxable income of $1,150,000.

A Corporation Has a $50,000 Short-Term Capital Loss for the Year.The