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For the calendar year ended December 31, 2019, Taylor Corp. has a net capital loss of $265,413. For the 5 previous years, Taylor reported capital
For the calendar year ended December 31, 2019, Taylor Corp. has a net capital loss of $265,413. For the 5 previous years, Taylor reported capital gains income in the following amounts:
Year Taxable Income/(NOL)
2015 $83,012
2016 $56,200
2017 $65,330
2018 $56,017
2019 ($265,413)
After utilizing the loss to the proper year, how much of the net capital loss will be available to Taylor on December 31, 2019?
some other amount
$4,854
$87,866
$60,871
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