How much of the capital loss may be deducted for the year, and how much is carried back or forward if Goshawk is: A proprietorship? A C corporation?

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Q: Hi, please help me with this question.   Several years ago, Minjun, who is single, acquired § 1244…

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A:

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Q: Ari's capital loss deduction for the current year and her basis in the new shares are as follows:

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Capital Gain

Any capital asset when sold can give the seller a higher or lower price from its purchase price leading to a capital gain or capital loss. The time period of holding an asset is decided based on if it is a long term or short-term capital gain. On that basis, the rate of taxation is decided if it is 20%, 15% or according to the tax brackets. The rate of taxation differs in the case of equity or debt, whether long or short term. The capital gain can be adjusted from capital loss to arrive at a net capital gain. The amount of gains and the exemption has to be reported in the tax return filed in the financial year in which the asset was transferred. The tax return can be filed quarterly, monthly, semi-annually or annually.