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03-22: (LO.1) Goose Corporation, a C corporation, incurs a net capital loss of $12,000 for 2018. It also has ordinary income of $10,000 in 2018.

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03-22: (LO.1) Goose Corporation, a C corporation, incurs a net capital loss of $12,000 for 2018. It also has ordinary income of $10,000 in 2018. Goose had net capital gains of $2,500 in 2014 and $5,000 in 2017. 1. Determine the amount, if any, of the net capital loss of $12,000 that is deductible in 2018. 2. Determine the amount, if any, of the net capital loss of $12,000 that is carried forward to 2019

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