Net Short Term Capital gain as of 2019 |
$65,000 |
Less: Net Long-Term Capital Loss as of 2019 |
($250,000) |
Net Capital Loss as of 2019 |
($185,000) |
The Net Capital Loss of $185,000 is not deductible in the year 2019 but applies to the three preceding years of 2016,2017 and 2018 |
|
Net Short Term Capital Gain - 2016 |
$60,000 |
Net Short Term Capital Gain - 2017 |
$45,000 |
Net Long Term Capital Gain - 2018 |
$35,000 |
Total Capital Offset |
$140,000 |
Amount of Capital Loss Carryover to 2020 of Carrot Corporation |
Net Capital Loss as on 2019 - Total Capital Offset = $(185,000 – 140,000) = $45,000 Ans. |
The Correct Option is Option C = $45,000
Calculator Carrot Corporation, a corporation, as amet short term capital gain f $65.000 and a net...
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