Harrison Corporation generates capital gains/(losses) of ($2,000), $4,000, ($14,000) in 2018, 2019, and 2020, respectively. Harrison started
Question:
Harrison Corporation generates capital gains/(losses) of ($2,000), $4,000, ($14,000) in 2018, 2019, and 2020, respectively. Harrison started operating in 2018. What is Harrison’s capital loss carryforward into 2021?
a. $0
b. $10,000
c. $12,000
d. $14,000
e. None of the above
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Related Book For 
Income Tax Fundamentals 2021
ISBN: 9780357141366
39th Edition
Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill
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