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Goose Corporation, a C corporation, incurs a net capital loss of $25,100 for 2017. It also has ordinary income of $20,080 in 2017. Goose had
Goose Corporation, a C corporation, incurs a net capital loss of $25,100 for 2017. It also has ordinary income of $20,080 in 2017. Goose had net capital gains of $5,020 in 2013 and $10,040 in 2016. If an amount is zero, enter "0". a. Determine the amount, if any, of the net capital loss of $25,100 that is deductible in 2017. $ b. Determine the amount, if any, of the net capital loss of $25,100 that is carried forward to 2018. $
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