Dutchess Bosco, Inc. reported the following items in the current year: Capital Gains $44,000,000 Capital Losses $60,000,000 In addition, the corporation reported capital gains for the previous years: 2016 $9,041,000 2017 $5,826,000 2018 $5,924,000 2019 $1.771.000 The corporation recovered to show capital gains income in 2021 of $469,200. Calculate the remaining capital gains carryover the corporation has after 2021.
Dutchess Bosco, Inc. reported the following items in the current year: Capital Gains $44,000,000 Capital Losses $60,000,000 In addition, the corporation reported capital gains for the previous years: 2016 $9,041,000 2017 $5,826,000 2018 $5,924,000 2019 $1.771.000 The corporation recovered to show capital gains income in 2021 of $469,200. Calculate the remaining capital gains carryover the corporation has after 2021.
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter18: Comparative Forms Of Doing Business
Section: Chapter Questions
Problem 16P
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