Goose Corporation, a C corporation, incurs a net capital loss of $23,900 for 2021. It also has ordinary income of $19,120 in 2021. Goose had net capital gains of $4,780 in 2017 and $9,560 in 2020. If an amount is zero, enter "0". a. Determine the amount, if any, of the net capital loss of $23,900 that is deductible in 2021. $fill in the blank 1 _______ ? b. Determine the amount, if any, of the net capital loss of $23,900 that is carried forward to 2022. $fill in the blank 1

Goose Corporation, a C corporation, incurs a net capital loss of $23,900 for 2021. It also has ordinary income of $19,120 in 2021. Goose had net capital gains of $4,780 in 2017 and $9,560 in 2020. If an amount is zero, enter "0". a. Determine the amount, if any, of the net capital loss of $23,900 that is deductible in 2021. $fill in the blank 1 _______ ? b. Determine the amount, if any, of the net capital loss of $23,900 that is carried forward to 2022. $fill in the blank 1

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter20: Corporations And Parterships

Section: Chapter Questions

Problem 23CE

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