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Tax treatment of corporate capital loss

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TAX ACCT Problems (Capital Gain/losses)
Corporation A reports the following:
20*1 20*2 20*3 20*4
Ordinary income $1,000 $1,000 $1,000 $1,000
Capital gain 40 30 20
Capital Loss 100

Compute taxable income for each year

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Solution Summary

The solution demonstrates how to apply capital losses carrying back to three prior years.

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