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Exercise 3 - 2 3 ( Algorithmic ) ( LO . 1 ) Goose Corporation, a C corporation, incurs a net capital loss of $

Exercise 3-23(Algorithmic)(LO.1)
Goose Corporation, a C corporation, incurs a net capital loss of $40,700 for 2023. It also has ordinary income of $32,560 in 2023.
Goose had net capital gains of $8,140 in 2019 and $16,280 in 2022.
If an amount is zero, enter "0".
a. Determine the amount, if any, of the net capital loss of $40,700 that is deductible in 2023.
b. Determine the amount, if any, of the net capital loss of $40,700 that is carried forward to 2024.
$,x
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