Question $2(4$ points$)$

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Buckeye Corporation sold two capital assets, one for a long$-$term capital gain of $$10,000$ and one for a shortterm capital loss of $$12,000.$ Of Buckeye Corporation's recognized loss, bow much of the loss can it deduct on its tax return this year against or dinary income?

$$2,000$

$$12\mathrm{.}000$

$$0$

$$3,000$