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Carrot Corporation,a C Corporation,has a Net Short-Term Capital Gain of $65,000

Question 44

Multiple Choice

Carrot Corporation,a C corporation,has a net short-term capital gain of $65,000 and a net long-term capital loss of $250,000 during 2015.Carrot Corporation had taxable income from other sources of $720,000.Prior years' transactions included the following: 2011 Net long-term capital gain $150,000 2012 Net short-term capital gain 60,000 2013 Net short-term capital gain 45,000 2014 Net long-term capital gain 35,000 Compute the amount of Carrot's capital loss carryover to 2016.


A) $0
B) $32,000
C) $45,000
D) $185,000
E) None of the above

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