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the smith trust distributes all of its assets to Bonnie, the sole beneficiary, and terminates on december 31 2018, when it has a capital loss
the smith trust distributes all of its assets to Bonnie, the sole beneficiary, and terminates on december 31 2018, when it has a capital loss carryover of $15,000 for transactions during 2018. Bonnie has ordinary income of $50,000 and capital gains of $5,000 for the taxable year 2018. what is bonnie's capital loss carryover to 2019?
A). $0
B). $5,000
C). $7,000
D). $10,000
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