How much of the 2021 capital loss can X Corp carry over to 2022?
Chapter17: Corporations: Introduction And Operating Rules
Section: Chapter Questions
Problem 7DQ
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![In 2021, X Corp incurred a net capital loss in the amount of $50,000. X Corp had the following net capital gains in the previous
five years:
2020 - $8,000
2019 - $5,000
2018 - $10,000
2017 - $8,000
2016 - $3,000
How much of the 2021 capital loss can X Corp carry over to 2022?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3ee33aed-9a5b-4509-b2d5-e889c7446511%2Fa851831c-edb5-416b-9fbc-dbc2cb0579f6%2Fu6w8d39_processed.jpeg&w=3840&q=75)
Transcribed Image Text:In 2021, X Corp incurred a net capital loss in the amount of $50,000. X Corp had the following net capital gains in the previous
five years:
2020 - $8,000
2019 - $5,000
2018 - $10,000
2017 - $8,000
2016 - $3,000
How much of the 2021 capital loss can X Corp carry over to 2022?
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