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. Assume that 2013 is the first year of operation for each corporation.?

Transcribed Image Text:

Capital Gain or Loss for 2014 $7,000 3,000 9,000 7,000 Year Indicated 2016 2013 Corporation 2015 $ (10,000) 2017 2018 $ (1,000) $ 5,000 $4,000 5,000 5,000 (50,000) $3,000 (20,000) (20,000) 10,000 3,000 (3,000) 3,000 2,000 8,000 2,000 4,000 2,000 11,000 D