Tatoo Incorporated Reported a Net Capital Loss of $14,800 in 2020

question 10

Multiple Choice

Tatoo Incorporated reported a net capital loss of $14,800 in 2020. The company had a net capital gain of $6,100 in 2018 and $4,800 in 2017. In 2019, although the company suffered a net operating loss, it had net capital gains of $2,800. What is the amount of Tatoo's capital loss carryover to 2021 remaining after it applies the carryback?

• A)$1,100.
• B)$3,900.
• C)$8,700.
• D)$14,800.

---

Definitions:

Stress

A condition of mental or emotional strain resulting from adverse or demanding circumstances.

Noise Pollution

Unwanted or harmful outdoor sound created by human activities, such as traffic, construction, and industrial operations, that can disrupt the quality of life.

Incompetent Leadership

The lack of ability, skill, or qualification in leading effectively, resulting in poor team performance and morale.

Multitasking

The ability to handle or manage more than one task simultaneously.