7) American Healthcare (AD, an insurance company, is trying to persuade Congress to eact anti-smoking legislation. As part of this effort, AH paid $500,000 to hire a lobbying firm to concerns with members of Congress. AH also contributed $100,000 to candidates for discuss its political office who support limiting public smoking. What amount of these expenditures can AH deduct? 8) For each year determine AGI and the capital losses to be carried forward to a later tax year 2016 2017 2018 AGI STCG STCL LTCG LTCL 50,000 4,000 2,000 1,000 6,000 30,000 40,000 6,000 3,000 4,000 2,000 8,000 2,000 AGI TCL carried forward TCL carried forward 7) American Healthcare (AD, an insurance company, is trying to persuade Congress to eact anti-smoking legislation. As part of this effort, AH paid $500,000 to hire a lobbying firm to concerns with members of Congress. AH also contributed $100,000 to candidates for discuss its political office who support limiting public smoking. What amount of these expenditures can AH deduct? 8) For each year determine AGI and the capital losses to be carried forward to a later tax year 2016 2017 2018 AGI STCG STCL LTCG LTCL 50,000 4,000 2,000 1,000 6,000 30,000 40,000 6,000 3,000 4,000 2,000 8,000 2,000 AGI TCL carried forward TCL carried forward