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Question - The Smith Trust distributes all of its assets to Bonnie, the sole beneficiary, and terminates on December 31, 2017 when it has a capital loss carryover of $15,000 for transactions during 2017. Bonnie has ordinary income of $50,000 and capital gains of $5,000 for the taxable year 2017. What is Bonnie's capital loss carryover to 2018?
$0
$5,000
$7,000
$10,000
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