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Carrot Corporation, a C Corporation, Has a Net Short-Term Capital

Question 77

Multiple Choice

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 2015. Carrot Corporation had taxable income from other sources of $720,000. Prior years' transactions included the following: 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 2015. 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 2016. A)  $0 B)  $32,000 C)  $45,000 D)  $185,000 E)  None of the above Compute the amount of Carrot's capital loss carryover to 2016.


A) $0
B) $32,000
C) $45,000
D) $185,000
E) None of the above

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