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 2022, if any. Capital gain or loss for year indicated 2018 Corporation A 2016 2017 B $ 4,800 6,600 $ 6,690 3,160 $ (10,100) 2019 $ 8,620 C 6,550 12,850 3,550 (3,650) 4,150 2020 $ 6,800 (25,130) 2021 $ (1,970) 2,770 2,710 (57,150) 9,650 3,770 12,200 (26,980) 11,400 10,500 2,630 Assume that 2016 is the first year of operation for each corporation. Note: Do not leave cells blank, enter "O" if there is no effect. Reported capital gains Corporation 2016 2017 2018 2019 2020 2021 AB C D Carried forward capital losses 2022
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 2022, if any. Capital gain or loss for year indicated 2018 Corporation A 2016 2017 B $ 4,800 6,600 $ 6,690 3,160 $ (10,100) 2019 $ 8,620 C 6,550 12,850 3,550 (3,650) 4,150 2020 $ 6,800 (25,130) 2021 $ (1,970) 2,770 2,710 (57,150) 9,650 3,770 12,200 (26,980) 11,400 10,500 2,630 Assume that 2016 is the first year of operation for each corporation. Note: Do not leave cells blank, enter "O" if there is no effect. Reported capital gains Corporation 2016 2017 2018 2019 2020 2021 AB C D Carried forward capital losses 2022
Chapter14: Property Transactions: Capital Gains And Losses, § 1231, And Recapture Provisions
Section: Chapter Questions
Problem 30CE
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