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 2017.Carrot Corporation had taxable income from other sources of $720,000.Prior years' transactions included the following:
Compute the amount of Carrot's capital loss carryover to 2018.

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

Question

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 2017.Carrot Corporation had taxable income from other sources of $720,000.Prior years' transactions included the following:
Compute the amount of Carrot's capital loss carryover to 2018.

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

Quizplus · Accepted Answer

The Answer of 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 2017.Carrot Corporation had taxable income from other sources of $720,000.Prior years' transactions included the following:
Compute the amount of Carrot's capital loss carryover to 2018.

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

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