Bear Corporation has a net short-term capital gain of $35,000 and a net long-term capital loss of $200,000 during 2011. Bear Corporation has taxable income from other sources of $600,000. Prior years' transactions included the following: Compute the amount of Bear's capital loss carryover to 2012.
A) $0.
B) $60,000.
C) $105,000.
D) $165,000.
E) $200,000.

Question

Bear Corporation has a net short-term capital gain of $35,000 and a net long-term capital loss of $200,000 during 2011. Bear Corporation has taxable income from other sources of $600,000. Prior years' transactions included the following:  Compute the amount of Bear's capital loss carryover to 2012.
A) $0. 
B) $60,000. 
C) $105,000. 
D) $165,000. 
E) $200,000.

Quizplus · Accepted Answer

The Answer of Bear Corporation has a net short-term capital gain of $35,000 and a net long-term capital loss of $200,000 during 2011. Bear Corporation has taxable income from other sources of $600,000. Prior years' transactions included the following:  Compute the amount of Bear's capital loss carryover to 2012.
A) $0. 
B) $60,000. 
C) $105,000. 
D) $165,000. 
E) $200,000.

Bear Corporation Has a Net Short-Term Capital Gain of $35,000