Robin had the following capital transactions in 2018: LTCG $10,000 LTCL 8,000 STCG 2,000 STCL - 0 - Robin also had a net long-term capital loss in 2017 of $2,000, which it could not use, and ordinary income of $13,000. What are the tax consequences in 2018 if: Robin is an individual. Robin is a C corporation. Robin is an S corporation.

SWFT Corp Partner Estates Trusts
42nd Edition
ISBN:9780357161548
Author:Raabe
Publisher:Raabe
Chapter3: Corporations: Introduction And Operating Rules
Section: Chapter Questions
Problem 1DQ
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Robin had the following capital transactions in 2018:

LTCG $10,000

LTCL 8,000

STCG 2,000

STCL - 0 -

Robin also had a net long-term capital loss in 2017 of $2,000, which it could not use, and ordinary income of $13,000. What are the tax consequences in 2018 if:

  1. Robin is an individual.
  2. Robin is a C corporation.
  3. Robin is an S corporation.
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