C Corporations can only use capital losses to offset capital gains in the current tax year. Any excess current year capital losses must be carried back 3 years and forward 5 years to be used to offset capital gains in those tax years. These excess capital losses are considered short-term capital losses when they are carried back or forward to another tax year. Warren Weld, a single individual taxpayer had the following capital gains and losses for tax years 2014 through 2015: What are the amounts and types of capital loss deductions for 2014, 2015, and the amounts and types of carryovers to 2015 and 2016 for Warren Weld? Please show your work and explain your calculations. How would your answers to embedded question 1 change if Weld was a calendar year C corporation (rather than an individual) that was organized on January 1, 2013 and had no capital gains or losses in 2013? Please show your work and explain your calculations