Through a "type a" reorganization, Yellow Corporation acquired 100% of SunCo stock by September 25 of the current tax year ending December 31. At the time the 100% was acquired, SunCo was worth $900,000, and the Federal long-term tax-exempt rate was 4%. SunCo holds capital loss carryovers of $25,000. Assume that the 382 limitation for the current year is $100,000. Yellow reports taxable income of $200,000 which includes $30,000 capital gains. At the time it was acquired, SunCo had taxable income of $32,000 which included $4,000 capital gains.

If an amount is zero, enter "0".

Enter the correct amount for each the following

• How much of the SunCo capital loss carryover may Yellow use in the current year to offset its income? $_________
• How much of SunCo capital loss carryover may SunCo use in the current year to offset its income? $___________