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.

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