Dutchess Bosco, Inc. reported the following items in the current year: Capital Gains...
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Accounting
Dutchess Bosco, Inc. reported the following items in the current year:
Capital Gains $44,000,000
Capital Losses $60,000,000
In addition, the corporation reported capital gains for the previous years:
2016 $9,041,000
2017 $5,826,000
2018 $5,924,000
2019 $1,771,000
The corporation recovered to show capital gains income in 2021 of $469,200.
Calculate the remaining capital gains carryover the corporation has after 2021.
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