During the current year,Yellow Company had operating income of $380,000 and operating expenses of $300,000.In addition,Yellow had a long-term capital loss of $50,000.Based on this information,how does Alexandria,the sole owner of Yellow Company,report this information on her individual income tax return under following assumptions?

Question

During the current year,Yellow Company had operating income of $380,000 and operating expenses of $300,000.In addition,Yellow had a long-term capital loss of $50,000.Based on this information,how does Alexandria,the sole owner of Yellow Company,report this information on her individual income tax return under following assumptions?
During the current year,Yellow Company had operating income of $380,000 and operating expenses of $300,000.In addition,Yellow had a long-term capital loss of $50,000.Based on this information,how does Alexandria,the sole owner of Yellow Company,report this information on her individual income tax return under following assumptions?

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The Answer of During the current year,Yellow Company had operating income of $380,000 and operating expenses of $300,000.In addition,Yellow had a long-term capital loss of $50,000.Based on this information,how does Alexandria,the sole owner of Yellow Company,report this information on her individual income tax return under following assumptions?

During the Current Year,Yellow Company Had Operating Income of $380,000