For each of the following cases, determine the amount of capital gain or loss to report in each year (after taking into account anyapplicable carrybacks) and the capital loss carryforward to 2019, if any.Capital gain or loss for year indicatedCorporation2013201420152016201720184,700 $11,600 $(14,550) $ 7,000 $ 4,950 $(1,450)3,8703,0106,290 11,550(61,490) 9,3508,5504,950(3,040) 2,9703,340 15,00е(26,810)(24,600) 8, 20011,1502,6802,250Assume that 2013 is the first year of operation for each corporation. (Do not leave cells blank, enter "0" if there is no effect.)Carried forwardcapital lossesReported capital gainsCorporation2013201420152016201720182019ABC

Losses can be offset against capital gain.

For each of the following cases, determine the amount of capital gain or loss to report in each year (after taking into account any applicable carrybacks) and the capital loss carryforward to 2019, if any. Capital gain or loss for year indicated Corporation 2013 2014 2015 2016 2017 2018 3,010 6,290 11,550 (61,490) 9,350 $ 4,700 $11,600 $(14,550) $ 7,000 $ 4,950 $(1,450) 4,950 (3,040) 2,97e 3,340 15,000 (26,810) 2,680 (24,600) 8,200 11,150 8,550 3,870 D 2,250 Assume that 2013 is the first year of operation for each corporation. (Do not leave cells blank, enter "O" if there is no effect.) Carried forward Reported capital gains capital losses Corporation 2013 2014 2015 2016 2017 2018 2019 A В D

For each of the following cases, determine the amount of capital gain or loss to report in each year (after taking into account any applicable carrybacks) and the capital loss carryforward to 2019, if any. Capital gain or loss for year indicated Corporation 2013 2014 2015 2016 2017 2018 3,010 6,290 11,550 (61,490) 9,350 $ 4,700 $11,600 $(14,550) $ 7,000 $ 4,950 $(1,450) 4,950 (3,040) 2,97e 3,340 15,000 (26,810) 2,680 (24,600) 8,200 11,150 8,550 3,870 D 2,250 Assume that 2013 is the first year of operation for each corporation. (Do not leave cells blank, enter "O" if there is no effect.) Carried forward Reported capital gains capital losses Corporation 2013 2014 2015 2016 2017 2018 2019 A В D

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter3: Taxes On The Financial Statements

Section: Chapter Questions

Problem 11P

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