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Zeno, Incorporated sold two capital assets in 2022. The first sale resulted in a $53,000 capital loss, and the second sale resulted in a $25,600
Zeno, Incorporated sold two capital assets in 2022. The first sale resulted in a $53,000 capital loss, and the second sale resulted in a $25,600 capital gain. Zeno was incorporated in 2018 , and its tax records provide the following information: Required: a. Compute Zeno's tax refund from the carryback of its 2022 nondeductible capital loss. Zeno's marginal tax rate was 21 percent for each prior year. b. Compute Zeno's capital loss carryforward into 2023. Complete this question by entering your answers in the tabs below. Compute Zeno's tax refund from the carryback of its 2022 nondeductible capital loss. Zeno's marginal tax rate was 21 percent for each prior year. Note: Round your final answer to the nearest whole dollar amount
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