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What is the amount and nature of the book-tax

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Problem 1: Studios reported a net capital loss of $36,000 in year 5. It reported net capital gains of $26,000 in year 4 and $39,000 in year 6. What is the amount and nature of the book-tax difference in year 6 related to the net capital carryover?

Option 1: $29,000 unfavorable.
Option 2: $29,000 favorable.
Option 3: $10,000 unfavorable.
Option 4: $10,000 favorable.

Reference no: EM132990236

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