Business, 02.01.2020 22:31 elite65

Acorporation has a nltg of $40,000 and a nstl of $10,000 in the current year. it had capital gains/(losses) as follows

year 3 $20,000
year 2 (35,000)
year 1 10,000

how much must the corporation add to its other income due to capital gains to determine taxable income in the current year

a. 5000
b. 25000
c. 3
d. 35,000

Answers: 2

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Acorporation has a nltg of $40,000 and a nstl of $10,000 in the current year. it had capital gains/(...