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What is the amount of tatoo capital loss carryover

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Reference no: EM132990239

Problem 1: Tatoo Inc. reported a net capital loss of $14,600 in 2018. The company had a net capital gain of $5,900 in 2016 and $4,600 in 2015. In 2017, although the company suffered a net operating loss, it had net capital gains of $2,600. What is the amount of Tatoo's capital loss carryover remaining after it applies the carryback?

Option 1: $4,100.
Option 2: $8,700.
Option 3: $14,600.
Option 4: $1,500.

Reference no: EM132990239

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