During 2018, Crown Corporation, a calendar year C corporation, has net short-term capital gains of $50,000, net long-term capital losses of $80,000, and taxable income from other sources of $270,000. Prior years' transactions included the following.

2014 net short-term capital gains	$12,000
2015 net long-term capital gains	10,000
2016 net short-term capital gains	9,500
2017 net long-term capital gains	7,000

e. Assume that Crown Corporation's capital loss carryforward in part (c) is $3,500, and that Crown will be able to use $1,000 of the carryover to offset capital gains in 2019 and the remaining $2,500 to offset capital gains in 2020.

Assume the following:

A discount rate of 5%.

Present value factors - 1.000 for 2015-2018; 0.9524 for 2019 and 0.9070 for 2020.

Crown Corporation's marginal income tax rate is 34% for all tax years prior to 2018.

Round your computations to the nearest dollar.

In present value terms, determine the tax savings of the $80,000 long-term capital loss recognized in 2018. $