Tax problem a us corporation has a long-term capital loss


Tax problem. A U.S. corporation has a long-term capital loss of $20,000 for the current year and has a $7,000 short-term capital gain. Last year, its final year of operation, It had $9,000 of short-term capital losses. What is the corporation's capital loss carryover next year?

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Financial Accounting: Tax problem a us corporation has a long-term capital loss
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