e. Assume that Bando Corporation's capital loss carryforward in part (c) is $9,500, and that Bando will be able to use $4,000 of the carryover to offset capital gains in 2021 and the remaining $5,500 to offset capital gains in 2022. Determine the tax savings of the $35,000 long-term capital loss recognized in 2020.

Assume a discount rate of 5%. The present value factors at 5% are as follows: 1.000 for 2017-2020; 0.9524 for 2021 and 0.9070 for 2022. Bando 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 $35,000 long-term capital loss recognized in 2020.