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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