Bear Corporation has a net short-term capital gain of $35,000 and a net long-term capital loss of $200,000 during 2010.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 2011.
A)$0.
B)$105,000.
C)$165,000.
D)$200,000.
E)None of the above.

Question

Bear Corporation has a net short-term capital gain of $35,000 and a net long-term capital loss of $200,000 during 2010.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 2011.

Compute the amount of Bear's capital loss carryover to 2011.
A)$0. 
B)$105,000. 
C)$165,000. 
D)$200,000. 
E)None of the above.

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 2010.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 2011.
A)$0. 
B)$105,000. 
C)$165,000. 
D)$200,000. 
E)None of the above.

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