In 2018, the Ryan Corporation sold a capital asset and incurred a $40,000 long-term capital loss (LTCL) that was carried forward to subsequent years. That sale was the only sale of a capital asset that Ryan made until 2023, when Ryan sells a capital asset and recognizes a short-term capital gain (STCG) of $53,000. Without considering the STCG from the sale, Ryan's taxable income is $250,000. Read the requirements. Requirement a. Determine the corporation's net short-term capital gain (NSTCG) for 2023. Ryan Corporation's NSTCG for 2023 is

In 2018 , the Ryan Corporation sold a capital asset and incurred a $40,000 long-term capital loss (LTCL) that was carried forward to subsequent years. That sale was the only sale of a capital asset that Ryan made until 2023, when Ryan sells a capital asset and recognizes a short-term capital gain (STCG) of $53,000. Without considering the STCG from the sale, Ryan's taxable income is $250,000. Requirement a. Determine the corporation's net short-term capital gain (NSTCG) for 2023. Ryan Corporation's NSTCG for 2023 is In 2018 , the Ryan Corporation sold a capital asset and incurred a $40,000 long-term capital loss (LTCL) that was carried forward to subsequent years. That sale was the only sale of a capital asset that Ryan made until 2023, when Ryan sells a capital asset and recognizes a short-term capital gain (STCG) of $53,000. Without considering the STCG from the sale, Ryan's taxable income is $250,000. Requirement a. Determine the corporation's net short-term capital gain (NSTCG) for 2023. Ryan Corporation's NSTCG for 2023 is