Carried forward capital losses 2022

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Subject-advance maths

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.
Corporation
B
C
D
Corporation
2016
$5,720
5,850
8,610
(65,840)
A
B
C
D
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.
2016
Capital gain or loss for year indicated
2019
$9,040
5,600
2,790
12,050
2017
$ 7,678
3,710
13,800
9,450
2017
2018
$ (11,800)
3,330
(3,960)
3,730
Reported capital gains
2018
2019
2020
2020
$3,400
(28,110)
(29,300)
14,150
2021
2021
$ (1,090)
2,720
9,950
2,360
Carried forward
capital losses
2022
Transcribed Image Text: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. Corporation B C D Corporation 2016 $5,720 5,850 8,610 (65,840) A B C D 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. 2016 Capital gain or loss for year indicated 2019 $9,040 5,600 2,790 12,050 2017 $ 7,678 3,710 13,800 9,450 2017 2018 $ (11,800) 3,330 (3,960) 3,730 Reported capital gains 2018 2019 2020 2020 $3,400 (28,110) (29,300) 14,150 2021 2021 $ (1,090) 2,720 9,950 2,360 Carried forward capital losses 2022
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