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2. Rekaptur Rewiswrok Company, a calendar year corporation, generated $32,000 of income from its core business operations selling goods and performing services during 2020. Additionally,

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2. Rekaptur Rewiswrok Company, a calendar year corporation, generated $32,000 of income from its core business operations selling goods and performing services during 2020. Additionally, Rekaptur Rewlswrok Company sold the following assets during the same year (assume that all assets sold have been depreciated correctly for tax purposes through the date of sale and that these depreciation amounts are already included in income): Acquisition Sell Initial Accumulated Sales Price Date Date Basis Depreciation Marketable Securities 1/11/2017 8/22/2020 60,000 0 70,000 Office Equipment 1/24/2019 1/7/2020 10,000 1,500 10,500 Furniture 11/29/2019 12/8/2020 20,000 2,000 13,000 Machinery 10/28/2017 2/9/2020 21.000 9,000 25,000 Land (Investment) 6/12/2015 5/31/2020 75,000 0 60,000 Land Trade or Business) 4/2/2014 12/2/2020 100,000 0 90,000 Building 2/11/1985 1/11/2020 950,000 895,000 95,000 Accelerated depreciation on the building exceeded what straight-line depreciation would have been by $5,000. If applicable, Rekaptur Rewlswrok Company has $3,000 of nonrecaptured Section 1231 net losses in the five-year lookback period. Compute the taxable income and the amount of the capital loss carryforward, if any, of Rekaptur Rewlswrok Company in 2020. MacBook Air

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