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What is bonnie capital loss carryover

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Reference no: EM131905137

Question - The Smith Trust distributes all of its assets to Bonnie, the sole beneficiary, and terminates on December 31, 2017 when it has a capital loss carryover of $15,000 for transactions during 2017. Bonnie has ordinary income of $50,000 and capital gains of $5,000 for the taxable year 2017. What is Bonnie's capital loss carryover to 2018?

$0

$5,000

$7,000

$10,000

Reference no: EM131905137

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