During 2019, Gorilla Corporation, a calendar year C corporation, has net short-term capital gains of $15,000, net long-term capital losses of $105,000, and taxable income from other sources of $460,000. Prior years' transactions included the following: 2013 net short-term capital gains $40,000
2014 net long-term capital gains 18,000
2015 net short-term capital gains 25,000
2016 net long-term capital gains 20,000

Required:
a. How much is Gorilla's net capital loss for 2017?
b. What is the amount of the capital loss deduction on Gorilla's 2017 tax return?
c. Of the excess 2017 net capital loss, howmuch is carried back to the previous years?
d. Compute the amount of capital loss carryoverto 2018 and future years.
e. If Gorilla is a sole proprietorship, ratherthan a corporation, how would the owner report these transactionson her 2017 tax return?

Being an expert problem solver is something you're either born with or not. true or false

At april 1, 2019, the food and drug administration is in the process of investigating allegations of false marketing claims by hulkly muscle supplements. the fda has not yet proposed a penalty assessment. hulkly’s fiscal year ends on december 31, 2018. the company’s financial statements are issued in april 2019. required: for each of the following scenarios, determine the appropriate way to report the situation. 1. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 2. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is probable. 3. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 4. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is probable.

Need true or false 1 2 3 4 5 6 7 8