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

Question

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

Quizplus · Accepted Answer

The Answer of 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

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