– Bronze company had operating profit of $75,000 ($125,000 operating income $50,000 operating expenses).

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– Bronze company had operating profit of $75,000 ($125,000 operating income $50,000 operating expenses). In addition, Bronze had a short-term capital gain of $16,000 and a long-term capital loss of $31,000. How much of the long-term capital loss may be deducted in 2011, and how much is carried back or forward under the following circumstances? a-Bronze company is a proprietorship owned by Kenneth, and he had no other property transactions in 2011.b-Bronze Company is a C corporation.

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