For each of the following cases, determine the amount of capital gain or loss to report in

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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 2017, if any. Assume that 2011 is the first year of operation for each corporation. 

Capital Gain or Loss for Year Indicated 2012 Corporation 2011 2014 2015 2016 2013 S (1,000) S 4,000 S (10,000) $ 5,000 A

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Fundamentals Of Taxation 2018

ISBN: 9781259713736

11th Edition

Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler

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