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In Year 5, Angela Corporation has a net capital loss of $80,000. Angela Corp. also had net capital gains in the prior years. Year 1:
In Year 5, Angela Corporation has a net capital loss of $80,000. Angela Corp. also had net capital gains in the prior years. Year 1: net capital gain $30,000 Year 2: net capital gain $20,000 Year 3: net capital gain $60,000 Year 4: net capital gain $10,000 (a) What is the capital loss carryback in Year 3
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