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TB MC Qu. 16-68 (Algo) Tatoo Incorporated reported a net capital loss of... 23 Tatoo Incorporated reported a net capital loss of $14,000 in 2020.

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TB MC Qu. 16-68 (Algo) Tatoo Incorporated reported a net capital loss of... 23 Tatoo Incorporated reported a net capital loss of $14,000 in 2020. The company had a net capital gain of $5,300 in 2018 and $4.000 in 2017 in 2019. although the company suffered a net operating loss, it had net capital gains of $2.000 What is the amount of Tatoo's capital loss carryover to 2021 remaining after it applies the carryback? 2 points 012441 Multiple Choice $2.700 $4700 $8700 $14,000 TB CARES MC Qu. 16-75 (Static) Remsco has taxable income of $60,000 and... 25 Remsco has taxable income of $60,000 and a charitable contribution limit modified taxable income of $72,000. Its charitable contributions for the year were $7.500. Assume CARES Act applies What is Remsco's current-year charitable contribution deduction and contribution carryover (assuming Remsco does not elect to use the 25% of modified taxable income to determine its charitable contribution deduction 2 points 8 1212 Multiple Choice O $6.000 curen-year deduction $1.400 carryover $7,500 current year deduction: 30 carryover $1.200.current-year deduction 56,300 carryover O $2.200 current year deduction $300 carryover

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