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In 2012, the Brian Corporation sold a capital asset and incurred a $39,000 LTCL that was camed forward to subsequent years. That sale was the
In 2012, the Brian Corporation sold a capital asset and incurred a $39,000 LTCL that was camed forward to subsequent years. That sale was the only sale of a capital asset that Brian made unta 2017, when Brian selis a capital asset and recognizes a STCG of $50,000. Without considering the STCG from the sale, Brian's taxable income is $285,000. Read the requirements. Requirement a. Determine the corporation's NSTCG for 2017 Brian Corporation's NSTCG for 2017 is$ Requirement b. Determine the corporation's 2017 taxable income. Brian Corporation's taxable income tor 2017 is Requirement c. If the sale of the asset in 2012 had occurred in 2011, determine the corporation's 2017 taxable income the sale of the asset occurred in 2011, the coporation's 2017 taxable income would be
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