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Goose Corporation, a C corporation, incurs a net capital loss of $31,100 for 2016. It also has ordinary income of $24,880 in 2016. Goose had
Goose Corporation, a C corporation, incurs a net capital loss of $31,100 for 2016. It also has ordinary income of $24,880 in 2016. Goose had net capital gains of $6,220 in 2012 and $12,440 in 2015. If an amount is zero, enter "0". a. Determine the amount, if any, of the net capital loss of $31,100 that is deductible in 2016. $____ b. Determine the amount, if any, of the net capital loss of $31,100 that is carried forward to 2017. $____
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