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Calculate Orang's basis in assets received from Dick. During 2020 Gorrilla corporation, a calendar corporation had net short term capital loss of $150,000 and short

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Calculate Orang's basis in assets received from Dick. During 2020 Gorrilla corporation, a calendar corporation had net short term capital loss of $150,000 and short term capital gains of $20,000 and taxable income of $450,000 from other sources. Prior years transactions included the following: 2016 net short term capital gain 15,000 2017 net short term capital gain 10,000 2018 net short term capital gain 12,000 2019 net short term capital gain 18,000 a Calculate taxable income for 2020 b How the capital gain/loss transaction will be treated in 2016,2017,2018,2019 cCalculate any capital loss carryforward to 2021

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