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

question 44

Multiple Choice

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 2018. 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 2019.

• A) $0
• B) $32,000
• C) $45,000
• D) $185,000
• E) None of the above

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Definitions:

Distributing

The act of sharing or spreading something among multiple recipients.

Made Presentations

The act of delivering a speech or lecture on a specific topic to an audience.

Electronically

Pertaining to technology or devices that operate on electricity and involve the use of computer systems or electronic circuits.

Matches

Items that correspond or are identical in some way, often referring to games where opponents are paired off or things that are similar.