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Goose Corporation, a C corporation, incurs a net capital loss of $21,500 for 2020. It also has ordinary income of $17,200 in 2020. Goose had
Goose Corporation, a C corporation, incurs a net capital loss of $21,500 for 2020. It also has ordinary income of $17,200 in 2020. Goose had net capital gains of $4,300 in 2016 and $8,600 in 2019. If an amount is zero, enter "0". a. Determine the amount, if any, of the net capital loss of $21,500 that is deductible in 2020. b. Determine the amount, if any, of the net capital loss of $21,500 that is carried forward to 2021
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