korrinevbrulz5333 korrinevbrulz5333

03-01-2023
Business

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the smith trust distributes all of its assets to bonnie, the sole beneficiary, and terminates on december 31, 2021, when it has a capital loss carryover of $15,000 for transactions during 2021. bonnie has ordinary income of $50,000 and capital gains of $5,000 for the taxable year 2021. what is bonnie's capital loss carryover to 2022 after she claims the allowable capital loss for 2021?

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