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

Question 13

Essay

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:
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 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

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