During 2025 Gorilla Corporation A Calendar Year C Corporation

During 2025 Gorilla Corporation A Calendar Year C Corporation. In addition, baker had the following capital gains. Assume that gorilla corporation's capital loss carryforward in part (c) is $27,000 and that gorilla will be able to use $11,000 of the carryover to offset capital gains in 2024 and the remaining.

In the current year, tern, inc., a calendar year c corporation, has $9 million of adjusted taxable income, $300,000 of business interest income, zero floor plan financing interest, and $3.2. Baker corp., a calendar year c corporation, realized taxable income of $36,000 from its regular business operations for the calendar year.