Short Answer
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 2014. 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 2015.
a. $0.
b. $32,000.
c. $45,000.
d. $185,000.
e. None of the above.
Correct Answer:

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