Orange Corporation was formed in 2014.In that year it had a net capital loss of $2,000.In 2015,it had a net capital gain of $5,000.In 2016,the company reported a net capital loss of $9,000.What is the amount of capital loss carryforward to 2017,if any?
A) $6,000.
B) $0.
C) $4,000.
D) $9,000.
Correct Answer:
Verified
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