Business, 14.10.2019 23:00 jdto8

Pure action cycles inc., a bicycle manufacturer, has a net capital loss in 2018 of $(70,000). it had net capital gains of $22,100 in 2017, $48,000 in 2016, $10,600 in 2015 (but suffered a net operating loss in 2015), and $8,600 of net capital gain in 2014. what is the net capital gain in 2017 after the carryback is applied?

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Pure action cycles inc., a bicycle manufacturer, has a net capital loss in 2018 of $(70,000). it had...