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Baso Incorporated, a furniture manufacturer, has a net capital loss in 2020 of $(53,000). It had net capital gains of $15,300 in 2019, $41,100 in
Baso Incorporated, a furniture manufacturer, has a net capital loss in 2020 of $(53,000). It had net capital gains of $15,300 in 2019, $41,100 in 2018, $8,100 in 2017 (but suffered a net operating loss in 2017), and $5,400 of net capital gain in 2016. What is the net capital gain in 2019 after the carryback is applied? $3,000 $8,200 $3,400 $0 Davis Corporation owns 10 percent of the Rollo Corporation stock. Rollo distributed a $30,000 dividend to Davis Corporation. Davis Corporation's taxable income (loss) before the dividend was ($18,000). What is the amount of Davis Corp.'s dividends received deduction on the dividend it received from Rollo Corporation? $15,000 $30,000 $6.000 $0
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