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Discuss what is the corporations capital loss carryover

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A U.S. corporation has a long-term capital loss of $20,000 for the current year and has a $7,000 short-term capital gain. Last year, its first year of operations, it had $9,000 of short-term capital losses. What is the corporation's capital loss carryover to next year?

Reference no: EM131808769

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