60.1K
Verified Solution
Link Copied!
In 2023, Ross Corp. incurred capital gains of $10,000 and capital losses of
$22,000. Ross Corp. also has an ordinary income of $10,000 in 2023. Ross Corp. had
net capital gains of $2,500 in 2019 and net capital gains of $5,000 in 2022.
What amount, if any, of Ross Corp.'s 2023 net capital loss is carried over to
2024? Enter answer as a positive number.
Answer & Explanation
Solved by verified expert
