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RD
RD, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 8784
Experience:  CPA, MBA, Over 10 yrs of experience in tax planning and business consulting..
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Federal Corporation, a C corporation, has the following capital

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Federal Corporation, a C corporation, has the following capital losses in 2010: Short-Term Capital Loss - $80,000; Long-Term Capital Loss - $100,000. In prior years, Federal Corporation incurred the following net long-term capital gains: 2007 - $20,000; 2008 - $20,000; 2009 - $60,000. What is the amount and character of Federal's capital loss carryFORWARD from the year 2010?



a. $ 80,000 short-term capital loss carryforward.

b. $ 100,000 short-term capital loss carryforward.

c. $ 120,000 short-term capital loss carryforward.

d. $ 180,000 short-term capital loss carryforward.
Submitted: 5 years ago.
Category: Tax
Expert:  RD replied 5 years ago.

RD :

a. $ 80,000 short-term capital loss carryforward.