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Caddy Corporation reports a $35,000 net capital loss this year. The corporation reports the following net capital gains during the past three years: Year Third
Caddy Corporation reports a $35,000 net capital loss this year. The corporation reports the following net capital gains during the past three years: Year Third previous year Year before last Last year Net Long-Term Capital Gain $6,000 9.000 -0- Net Short-Term Capital Gain $6,000 3,000 -0- Determine the amount of net capital loss carried back to each preceding tax year and the amount of capital loss, if any, available as a carryforward
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