Sensor Corporation was formed and began operations in 2016. For that year, it had operating income of $50,000, long-term capital gains of $25,000 and short-term capital losses of $10,000. In 2017, the corporation had $5,000 of net long-term capital losses, and in 2018 the corporation had $20,000 of net long-term capital losses. How much capital loss is available to carry forward to 2019?
A)$- 0 -
B)$10,000
C)$15,000
D)$20,000
E)$25,000

Question

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The Answer of Sensor Corporation was formed and began operations in 2016. For that year, it had operating income of $50,000, long-term capital gains of $25,000 and short-term capital losses of $10,000. In 2017, the corporation had $5,000 of net long-term capital losses, and in 2018 the corporation had $20,000 of net long-term capital losses. How much capital loss is available to carry forward to 2019?
A)$- 0 -
B)$10,000
C)$15,000
D)$20,000
E)$25,000

Sensor Corporation Was Formed and Began Operations in 2016