Share
Explore BrainMass

Tax treatment of corporate capital loss

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

Attachments

Solution Summary

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

$2.19