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Cameron Corporation, a C corporation, has a net short-term capital gain of $65,000 and a net long-term capital loss of $250,000 during 2021. Cameron
Cameron Corporation, a C corporation, has a net short-term capital gain of $65,000 and a net long-term capital loss of $250,000 during 2021. Cameron Corporation has taxable income from other sources of $720,000. Prior years' transactions include the following: 2017 2018 Net long-term capital gain Net short-term capital gain $150,000 60,000 2019 Net short-term capital gain 45,000 2020 Net long-term capital gain 35,000 Compute the amount of Cameron's capital loss carryover to 2021. $0 $185,000 $45,000 $32,000
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