During 2016, Hughes Corporation sold a portfolio of stock it had held for five years at a loss of $200,000. It also sold some investment land and recognized a capital gain of $180,000. In 2014, Hughes reported a net capital gain of $12,000 and in 2015 it recognized a net capital gain of $6,000. What is the amount of its net capital loss carryover to 2016?

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The Answer of During 2016, Hughes Corporation sold a portfolio of stock it had held for five years at a loss of $200,000. It also sold some investment land and recognized a capital gain of $180,000. In 2014, Hughes reported a net capital gain of $12,000 and in 2015 it recognized a net capital gain of $6,000. What is the amount of its net capital loss carryover to 2016?

During 2016, Hughes Corporation Sold a Portfolio of Stock It