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What is the amount of capital capital loss carryover

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Reference no: EM132944397

In 2018, Capital Corporation reported gross profits of $150,000, deductible expenses of $28,000, and a net capital loss of $10,000. Capital reported the following net capital gains during 2015-2017:

Year         Net Capital Gains

2015           $5,000
2016           $1,000
2017            $3,000

Problem 1: What is the amount of Capital's capital loss carryover to 2019?

a. $5,000
b. $10,000
c. $1,000
d. $7,000

Reference no: EM132944397

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